{"id":82257,"date":"2023-11-21T00:00:00","date_gmt":"2023-11-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2023\/11\/21\/theyre-back-foreign-investors-make-u-turn-after-panic-exit-in-october\/"},"modified":"2023-11-21T00:00:00","modified_gmt":"2023-11-21T00:00:00","slug":"theyre-back-foreign-investors-make-u-turn-after-panic-exit-in-october","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2023\/11\/21\/theyre-back-foreign-investors-make-u-turn-after-panic-exit-in-october\/","title":{"rendered":"They\u2019re back: Foreign investors make u-turn after panic exit in October"},"content":{"rendered":"

Foreign investors u-turn after panic exit in October: <\/strong>The Tadawul saw net inflows of SAR 2.5 bn from foreign and GCC investors last week, according to Tadawul data reviewed by Enterprise, reversing a drain that saw foreign and GCC investors sell positions worth SAR 3.8 bn in October<\/a> on fears that markets could crater if the war in Gaza were to become a regional conflict. <\/p>\n

Last week on Tadawul: Foreigners were bullish, and Saudi investors were sellers.<\/strong>While foreign investors recorded SAR 875.7 mn in net purchases in the week ending 16 November, and GCC investors acquired positions worth SAR 504 mn, Saudi investors were bearish with net sales worth SAR 1.38 bn, according to Tadawul figures<\/a>. <\/p>\n

Foreign ownership<\/strong> of issued capital on Tadawul rose slightly to 3.30% on the week ending 16 November, up from 3.24% on the week ending 31 October. Foreign ownership of freefloat shares was roughly flat at 12.50%, down from 12.56% the previous week.<\/p>\n

But, it's going to be a bumpy ride: <\/strong>\u201cSaudi Arabia has a strong fundamental story and significant untapped potential,\u201d Bloomberg<\/a> reports quoting Junaid Ansari, director of investment strategy and research at Kamco Investment. \u201cThat said, we expect volatility in the near term due to a lot of chaos in the market,\u201d Ansari added. <\/p>\n

What the pundits are tipping: <\/strong>\u201cKeeping exposure to consumer staples, utilities and health <\/strong>care<\/strong> should provide a hedge,\u201d said Aditum Investment Head of Investment Structuring Ali El Adou. <\/p>\n

<\/a><\/a> <\/p>\n

\n\n\n\n\n\n\n\n\n<\/tbody>\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

TASI<\/strong><\/p>\n<\/td>\n

\n

11,118<\/p>\n<\/td>\n

\n

-0.2% (YTD: +6.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

MSCI Tadawul 30<\/strong><\/p>\n<\/td>\n

\n

1,442<\/p>\n<\/td>\n

\n

-0.3% (YTD: -1.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

-<\/p>\n<\/td>\n

\n

USD : SAR (SAMA)<\/strong><\/p>\n<\/td>\n

\n

3.75<\/p>\n<\/td>\n

\n

-<\/p>\n<\/td>\n<\/tr>\n

\n

-<\/p>\n<\/td>\n

\n

Interest rates<\/strong><\/p>\n<\/td>\n

\n

6% repo<\/p>\n<\/td>\n

\n

5.5% reverse repo<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

24,760<\/p>\n<\/td>\n

\n

-0.6% (YTD: +69.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

-<\/p>\n<\/td>\n

\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,575<\/p>\n<\/td>\n

\n

-unch- (YTD: -6.2%)<\/p>\n<\/td>\n<\/tr>\n<\/thead>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

4,002<\/p>\n<\/td>\n

\n

+0.2% (YTD: +20%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,514<\/p>\n<\/td>\n

\n

+0.1% (YTD: +17.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,484<\/p>\n<\/td>\n

\n

-0.3% (YTD: +0.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

-<\/p>\n<\/td>\n

\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

4,339<\/p>\n<\/td>\n

\n

-unch- (YTD: +14.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 82.8<\/p>\n<\/td>\n

\n

+2.7%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 2.96<\/p>\n<\/td>\n

\n

-3.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,984.70<\/p>\n<\/td>\n

\n

-0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 37,030.07<\/p>\n<\/td>\n

\n

+1.3% (YTD: 123.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The TASI fell 0.2% yesterday<\/strong> on turnover of SAR 7.1 bn (x.xx% above the 90-day average).<\/p>\n

In the green: <\/strong>Naqi (+6.5%), Ades (+1.8%) and Al Omran (+2.5%).<\/p>\n

In the red: <\/strong>Al Rajhi Takaful (-6.2%), UACC (-0.5%) and Al Aseel (-0.1%). <\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign + GCC investors maintain are bullish on Tadawul for the third consecutive week<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2565],"tags":[10,55,59,2452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82257","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-enterpriseam-ksa","tag-financial-markets","tag-planet-finance","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"8dc7b231-39b9-4be5-aa35-69ff289cb515","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Foreign investors in Saudi equities return to market after October\u2019s panic exit","related_issue":[82242],"teaser":"Foreign + GCC investors maintain are bullish on Tadawul for the third consecutive week","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.87939c6f-1d43-44a9-8fb2-ff9135f5df09.mp3"},"yoast_head":"\nThey\u2019re back: Foreign investors make u-turn after panic exit in October - 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