Foreigners Sold Net $1.1 BLN of Saudi Stocks in Week to Oct 18
Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday - one of the biggest selloff since the market opened to direct foreign buying in mid-2015. The selloff came during a week when investors were rattled by Saudi Arabia's deteriorating relations with foreign powers following the disappearance of journalist Jamal Khashoggi. Riyadh said on Saturday that Khashoggi died in a fight inside its Istanbul consulate, its first acknowledgment of his death after denying for two weeks that it was involved in his disappearance. A breakdown of the data showed foreigners sold 5 billion riyals worth of stocks and bought 991.3 million worth. The Saudi stock market is down about 4 percent since Khashoggi's disappeared. The market had…