Continued net purchases by foreigners is expected to drive Tadawul All Share Index’s (TASI) performance even higher in the next few months, Jadwa Investment noted in its latest report on Monday.

 

TASI index hit multi-year highs in January making it one of the best performing amongst global and regional indices, the report added.

 

Improving sentiment linked to a recent rise in oil prices and a pick-up in net purchases of SWAPs and buying by qualified foreign investors (QFIs) were the macro factors pushing up TASI 10 percent month-on -month in January, the report by Jadwa Investment added.

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