Foreign investors buy shares worth SAR 5.8B on TASI last week

Tadawul trading screen

Foreign investors bought a net of more than SAR 5.8 billion in stocks on the Saudi Exchange (Tadawul) in the week ended Sept. 25 – the highest net foreign buys from nearly SAR 12.8 billion in June 2024.

On the other hand, institutions sold stocks worth about 351 billion in the same week.

Year to date, institutions were net sellers of stocks in 26 out of 39 weeks.
 

GCC investors bought a net of nearly SAR 223 million in the same week.

GCC investors tended to buy stocks in 18 out of 39 weeks year to date.
 

The Tadawul All-Share Index (TASI) closed 4.9%, or 547 points, up last week at 11,308.



Last week, Bloomberg quoted a Capital Market Authority (CMA) official as saying that the Saudi market regulator is moving toward raising the foreign ownership cap to over 49% in local companies by year end.