14 Hrs
Source:
الاقتصادية
Source: الاقتصادية
14 Hrsالاقتصادية
Source: الاقتصادية
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Foreign investors returned to net buying in Saudi Arabia’s Tadawul All Share Index (TASI) for a second consecutive week, purchasing SAR 222 million last week and SAR 521 million the week before, after selling SAR 8.7 billion over 14 weeks. The shift was driven by improved stock valuations: the price-to-earnings ratio fell below 14 times and the dividend yield exceeded 4%. It was also supported by easing geopolitical and inflation concerns, expectations of lower interest rates and bond yields, and a 35% increase in corporate profits in the third quarter—or 21% excluding Aramco. Oil fell about 9% in a single session last week. Meanwhile, the index declined 9.6% during the period of foreign selling and rose 4.1% over the two weeks of buying. Whether foreign inflows continue will depend on the trajectory of US interest rates, geopolitical developments and oil prices, as well as companies’ ability to sustain growth in profits and dividends.
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