Foreigners remain bullish on Tadawul: Foreigners were net buyers of Saudi equities in the week ending 23 November, with net purchases worth SAR 1.7 bn. GCC nationals were net sellers, with net sales worth SAR 264.5 mn, while Saudis made net sales worth SAR 1.4 bn, according to Tadawul figures.

Foreigners are holding their positions: The value of all equities held by non-GCC foreigners fell by a mere SAR 221 mn to SAR 367.8 bn in the week ending 23 November, down from SAR 368 bn in the previous week, while their share of issued capital (3.32%) and freefloat shares (12.61%) stabilized.

WHISPERS-

TASI

11,080.74

-0.1% (YTD: 5.8%)

MSCI Tadawul 30

1,425.70

-0.2% (YTD: -36.5%)

USD : SAR (SAMA)

3.75

–

Interest rates

6% repo

5.5% reverse repo

EGX30

25,905.54

+2.4% (YTD: +77.5%)

ADX

9,515.37

-0.4% (YTD: -6.8%)

DFM

3,994.59

+0.1% (YTD: +19.7%)

S&P 500

4,559.12

-unch- (YTD: +18.7%)

FTSE 100

7,460.70

-0.4% (YTD: +0.1%)

Euro Stoxx 50

4,354.41

-0.4% (YTD: +14.8%)

Brent crude

USD 80.01

-0.7 %

Natural gas (Nymex)

USD 2.76

-3.2%

Gold

USD 2,032.20

+0.4%

BTC

USD 36,916.25

– 1% (YTD: 127.8%)

THE CLOSING BELL-

The TASI fell 0.1% yesterday on turnover of SAR 5.1 bn.The index is up 5.8% YTD.

In the green: Tadco (+7.3%), Ataa (+6.7%) and SRMG (+6.2%).

In the red: Jadwa REIT SAudi (-3.5%), Alamar (-3%) and Wafra (-2.7%).

Asian markets are mixed this morning and CNBC reports that European markets are heading for a flat open as traders across the world “ struggle to find momentum.” Equities futures suggest US and Canadian markets will follow suit later today.

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