Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Monday, May 28, while 46 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Company for Hardware (SACO), Dar Al Arkan Real Estate Development Co. and Fawaz Abdulaziz Alhokair Co.’s (Alhokair) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in SACO by 0.08 percent, and in Dar Al Arkan and Alhokair by 0.06 percent and 0.05 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

 11.31%

 11.39%

+0.08%

19,200

Dar Al-Arkan

 3.70%

 3.76%

+0.06%

648,000

Alhokair

 3.50%

 3.55%

+0.05%

105,000

Budget Saudi

 19.63%

 19.67%

+0.04%

28,467

Arabian Shield

 6.05%

 6.09%

+0.04%

12,000

 

Meanwhile, Najran Cement and Alujain Corp. saw the highest stock sales by foreign investors, with QFIs offloading 0.19 and 0.13 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Najran Cement

 0.69%

 0.50%

(0.19%)

323,000

Alujain

 5.49%

 5.36%

(0.13%)

89,960

Bupa Arabia

 44.22%

 44.10%

(0.12%)

96,000

City Cement

 1.18%

 1.07%

(0.11%)

208,120

Wafa

 12.42%

 12.32%

(0.10%)

10,355

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Created with Highstock 6.0.710:0011:0012:0013:0044.5045.0045.5046.0046.50
Close : 46.00 | Apr 3, 11:56

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Created with Highstock 6.0.710:0011:0012:0013:0044.5045.0045.5046.0046.50
Close : 46.00 | Apr 3, 11:56


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