1459 GMT - Foreign investors reduced their exposure to Gulf equities in July, with GCC markets recording combined net foreign outflows of $415 million, Iridium Advisors says. Saudi Arabia saw the largest outflow at $129 million, while Kuwait and Qatar recorded outflows of $153 million and $72 million, respectively. The U.A.E. was close to flat at a $26 million outflow, with Abu Dhabi seeing $148 million of inflows offset by $174 million of outflows from Dubai. Iridium says the moves suggest foreign investors cut regional exposure even as local investors continued to support selected stocks.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.