Foreigners Boosted Saudi Stocks the Week Aramco Woes Dominated - Bloomberg:
Attacks on the heart of Saudi Arabia’s oil production were not enough to stop foreigners from buying shares in Riyadh last week, with most of them tracking global benchmark indexes.
Qualified foreign institutional funds were the main net buyers of shares for the week of Sept. 19, in the aftermath of strikes on facilities of giant oil producer Saudi Aramco. That led to a cut in the kingdom’s oil output. The funds purchased about $790 million in shares, or about five times more than local institutional investors, flow data from the Saudi stock exchange showed. Saudi individuals and Gulf investors were net sellers.
Boost From Foreigners
Net trading with Saudi shares for the week ending Sept. 19
Attacks on the heart of Saudi Arabia’s oil production were not enough to stop foreigners from buying shares in Riyadh last week, with most of them tracking global benchmark indexes.
Qualified foreign institutional funds were the main net buyers of shares for the week of Sept. 19, in the aftermath of strikes on facilities of giant oil producer Saudi Aramco. That led to a cut in the kingdom’s oil output. The funds purchased about $790 million in shares, or about five times more than local institutional investors, flow data from the Saudi stock exchange showed. Saudi individuals and Gulf investors were net sellers.
Boost From Foreigners
Net trading with Saudi shares for the week ending Sept. 19
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