Value of shares sold by Saudis at 305b riyals

Riyadh: The value of shares sold by Saudis in January was 305.2 billion riyals, or 92.6 per cent of the value of trading in the stock market, according to a report.

The value of trading in January amounted to 329.4 billion riyals. The value of shares purchased by Saudis in the declined to 91 per cent, or 299.8 billion riyals.

Value of shares sold by companies in the same month was 9.2 billion riyals, or 2.8 per cent of the value of trading in the stock market.

The value of shares purchased rose to 12.76 Saudi riyals, or four per cent the total value of shares being purchased.

The value of shares purchased by local investment funds reached 4.63 billion riyals while the purchases of the funds amounted to 4.53 billon riyals.

At the same time the shares purchased by Gulf investors amounted to 6.93 billion riyals, or 2.1 per cent.

The value of shares sold by these investors amounted to 5.7 billion riyals, or 1.7 per cent of the value of shares been sold.