Foreign investors were net sellers on Tadawul in April 2024,with total net sales worth SAR 1.5 bn, according to Tadawul’s {Monthly Ownership and Trading Activity Report (pdf)} — reversing their March net-buying position on the main market.

Meanwhile, Saudi investors turned bullish: Local investors were net buyers of Saudi equities last month, with net purchases worth SAR 656.6 mn. GCC investors’ position maintained their positive outlook for the local market in April with net purchases worth SAR 877.3 mn.

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What went down in Nomu: Foreigners were net sellers on parallel market Nomu, with net sales worth 59.2 mn. Local investors were net buyers of Saudi equities on Nomu, with net purchases worth SAR 57.4 mn. GCC investors followed suit with net investment positions SAR 1.8 mn.

Foreign investors were net sellers in the local sukuk market, with net sold positions worth SAR 7.6 mn, while GCC investors were net sales worth SAR 60.2k. Local investors were net buyers with net acquired positions worth SAR 7.6 mn.

AROUND THE REGION-

Abu Dhabi flag carrier Etihad Airways has tapped more advisors for its IPO this year, adding Abu Dhabi Commercial Bank, Bank of America, BNP Paribas, and Morgan Stanley as joint bookrunners, Bloomberg reports. It had already appointed Citi, HSBC, and FAB, while Rothschild is serving as independent financial advisor.

The Abu Dhabi Investment Authority (Adia) was among 36 institutional investors that bought shares in Indian healthcare firm Indegene ahead of its IPO on the Bombay Stock Exchange, according to a bourse filing (pdf).

MARKETS THIS MORNING-

It’s a quiet start to the week in Asia, where the JPX and Korea Exchange are closed in observance of Children’s Day. Hong Kong’s Hang Seng is flat in early trading, while the Shanghai Composite is up 0.9%. US and European stock futures inched up overnight.

TASI

12,373

+0.2% (YTD: +3.4%)

MSCI Tadawul 30

1,551

+0.3% (YTD: +0.1%)

NomuC

26,790

+1.3% (YTD: +9.2%)

USD : SAR (SAMA)

3.75 Sell

3.75 Buy

Interest rates

6% repo

5.5% reverse repo

EGX30

26,114

+3.3% (YTD: +4.9%)

ADX

9,037

+0.2% (YTD: -5.6%)

DFM

4,142

+0.1% (YTD: +2.0%)

S&P 500

5,127

+1.3% (YTD: +7.5%)

FTSE 100

8,213

+0.5% (YTD: +6.2%)

Euro Stoxx 50

4,921

+0.6% (YTD: +8.9%)

Brent crude

USD 82.96

-0.9%

Natural gas (Nymex)

USD 2.14

+5.3%

Gold

USD 2,301

-0.04%

BTC

USD 63,699

-0.2% (YTD: +51.6%)

THE CLOSING BELL: TADAWUL-

The TASI rose 0.2% yesterday on turnover of SAR 5.3 bn. The index is up 3.4% YTD.

In the green: Oasis (+10%), Raydan (+8%) and Saudi Cable (+6.5%).

In the red: GIG (-9.9%), Al Baha (-7.1%) and Salama (-5.6%).

THE CLOSING BELL: NOMU-

The NomuC rose 1.3% yesterday on turnover of SAR 25 mn. The index is up 9.2% YTD.

In the green: Future Care (+22.4%), Raoom (+10.7%) and Horizon Food (+8.6%).

In the red: NGDC (-8%), Alqemam (-4.5%) and Clean Life (-4.2%)

CORPORATE ACTIONS-

The board of Alinma Bank approved disbursing dividends totalling SAR 621.4 mn at SAR 0.25 apiece for 1Q 2024, it said in a disclosure to Tadawul yesterday. Dividends will be paid on Sunday, 2 June.

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