Investment funds inject 24 billion riyals into the stock market

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A report by the «Argaam» financial portal revealed that investment funds licensed by the Authority made net purchases totaling 24 billion riyals during the month of November, a figure more than ten times higher than the usual net purchase rate over the past 12 months.

These figures were taken from the monthly report on trading volume and ownership in the Saudi stock market for November, It should be noted that the assets of investment funds already present in the market increased in November only by an amount close to the increase in the market value of shares, meaning that the purchases were made by new investment funds not previously available.Starting September 1, 2015, Tadawul began publishing a detailed report on investor categories in the market by nationality, trading values, and stock ownership.

It is worth noting that the Saudi market index rose by 161 points during November, accompanied by a significant increase in trading volumes, particularly by the brokerage firm affiliated with "Al-Ahli Capital, whose trading values rose significantly, placing it at the top of the list of brokerage firms in terms of trading volumes last month.