QFIs buy SAR 577 mln worth of stocks on Tadawul last week
- Date: 29-May-2022
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
QFIs buy SAR 577 mln worth of stocks on Tadawul last week
Qualified foreign investors (QFIs) were net buyers of SAR 576.8 million worth of stocks on the Saudi Exchange (Tadawul) in the week ending May 26, according to data issued by the Saudi bourse.
Foreign investors were net sellers of shares worth about SAR 22.8 million through swap agreements.
Government entities were net buyers of shares worth SAR 5.02 billion, while retail investors offloaded shares at a value of nearly SAR 5.54 billion.
The transaction of Public Investment Fund's (PIF) acquisition of a stake in Kingdom Holding Co. was executed last week.
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