Foreign investors hiked stakes in 44 listed firms on Thursday July 5
Qualified foreign investors (QFIs) increased their stakes in 44 Tadawul-listed firms on Thursday, July 5, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Aldrees & Transport Services Co., Saudi Automated Services Co. (SASCO) and Saudi Industrial Export Co. (SIECO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Aldrees by 0.46 percent, and in SASCO and SIECO by 0.13 percent and 0.07 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Aldrees |
2.23% |
2.69% |
+0.46% |
230,000 |
SASCO |
0.85% |
0.98% |
+0.13% |
78,000 |
SIECO |
1.63% |
1.70% |
+0.07% |
756 |
Al Sorayai |
2.35% |
2.42% |
+0.07% |
15,750 |
Tihama |
1.74% |
1.79% |
+0.05% |
3,750 |
Meanwhile, Fawaz Abdulaziz Alhokair Co.’s (Alhokair) and Saudi Indian Cooperative Insurance Co. (Wafa Insurance) saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent and 0.07 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Alhokair |
3.18% |
3.01% |
(0.17%) |
357,000 |
Wafa |
11.92% |
11.85% |
(0.07%) |
7,000 |
Enaya |
15.86% |
15.79% |
(0.07%) |
7,000 |
Sahara |
1.31% |
1.27% |
(0.04%) |
175,518 |
MESC |
1.30% |
1.26% |
(0.04%) |
24,000 |
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