Qualified foreign investors (QFIs) increased their stakes in 62 Tadawul-listed firms on Tuesday, April 24, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Bank Aljazira, Tihama Advertising and Public Relations Co. and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors.

 

Foreign investors raised their shareholdings in Bank Aljazira by 0.29 percent, and in Tihama and SISCO by 0.24 percent and 0.11 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Bank Aljazira

 6.33%

 6.62%

+0.29%

2,378,000

Tihama

 1.77%

 2.01%

+0.24%

18,000

SISCO

 2.76%

 2.87%

+0.11%

89,760

Care

 14.45%

 14.55%

+0.10%

44,850

Al Tayyar

 11.36%

 11.45%

+0.09%

188,685

 

Meanwhile, United International Transportation Co. Ltd. (Budget Saudi) and Al Sorayai Trading and Industrial Group Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.20 and 0.19 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Budget Saudi

 18.59%

 18.39%

(0.20%)

142,333

Al Sorayai

 1.46%

 1.27%

(0.19%)

42,750

Aldrees

 2.01%

 1.85%

(0.16%)

80,000

MEPCO

 1.88%

 1.74%

(0.14%)

70,000

MESC

 1.28%

 1.15%

(0.13%)

78,000

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Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0036.7537.0037.2537.5037.75
Close : 36.80 | Apr 3, 15:20

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Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0036.7537.0037.2537.5037.75
Close : 36.80 | Apr 3, 15:20


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