Foreigners are record net buyers of Saudi stocks in latest week

Foreigners are record net buyers of Saudi stocks in latest week:

"Foreigners bought a record $384 million of Saudi Arabian stocks on a net basis last week, showing international interest in the market is continuing to grow ahead of the planned listing of oil giant Saudi Aramco in Riyadh late this year or early next. Foreign investors purchased $615 million of stocks and sold $231 million in the week through Thursday, compared to net buying of $206 million in the previous week, exchange data showed on Sunday. The previous record for net buying was $367 million in the week to March 15. Foreigners have been net buyers every week this year for a total of $2.76 billion."



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