Foreigners Top Saudi Stock Buyers in Week of Aramco Inclusion
- MSCI added stock of the oil giant to its EM index last week
- Big funds from abroad had to add Aramco to their holdings
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International investors were the biggest purchasers of shares in Saudi Arabia last week, when oil giant Saudi Aramco started to be added to main gauges tracking emerging-market equities.
Investors from outside of the Gulf were net buyers of about 3.56 billion Saudi riyals ($950 million) for the week ended Dec. 19, according to data provided by the stock exchange. Qualified foreign institutional investors (QFIs) boosted the figure and bought the most.