Saudi share trading down 19pc in May
Riyadh, June 5, 2013
The total value of shares traded at the Saudi Stock Exchange in May fell 19.42 per cent to SR116.26 billion ($31 billion) over the previous month even as the foreign investors bought SR2.24 billion worth of shares.
The value of shares bought by the Saudi nationals soared to SR101.33 billion (about 87.16 per cent of the traded shares), while they sold SR108.91 billion worth of shares, comprising 93.68 per cent of the traded stocks, said a statement from the Saudi Stock Exchange (Tadawul).
The value of shares traded by the institutions reached SR12.69 billion (10.91 per cent for buying), it stated.
The value of shares bought by GCC nationals was SR1.88 billion, comprising 1.62 per cent of the traded shares, while they sold SR1.46 billion (1.25 per cent), it added.-TradeArabia News Service