Saudi Stock Market Sees Record Foreign Investment

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.

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.

Historic Investments in Saudi Stock Market

The Saudi stock exchange, commonly known as the Tadawul, is seeking ways to boost foreign stock ownership, beginning by holding talks with companies already trading on other Gulf Cooperation Council exchanges.

Read more about this story at Reuters.