Foreign investors hiked stakes in 60 listed firms last Thursday
Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Thursday, July 12, while 31 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Aldrees Petroleum & Transport Services Co., Amana Cooperative Insurance Co. and Aljazira Mawten REIT were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Aldrees by 0.19 percent, and in Amana and Aljazira REIT by 0.13 percent and 0.09 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Aldrees |
3.42% |
3.61% |
+0.19% |
95,000 |
Amana |
3.98% |
4.11% |
+0.13% |
18,200 |
Aljazira REIT |
1.37% |
1.46% |
+0.09% |
10,620 |
Malath |
21.67% |
21.76% |
+0.09% |
45,000 |
Enaya |
15.99% |
16.07% |
+0.08% |
8,000 |
Meanwhile, Saudi Arabia Refineries Co. (SARCO) and Basic Chemical Industries Co. (BCI) saw the highest stock sales by foreign investors, with QFIs offloading 0.16 percent and 0.14 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SARCO |
1.63% |
1.47% |
(0.16%) |
24,000 |
BCI |
3.06% |
2.92% |
(0.14%) |
38,500 |
SIECO |
1.70% |
1.60% |
(0.10%) |
1,080 |
FIPCO |
0.90% |
0.84% |
(0.06%) |
6,900 |
Aljazira |
5.36% |
5.32% |
(0.04%) |
328,000 |
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