Foreign investors hiked stakes in 52 listed firms on Monday
Qualified foreign investors (QFIs) increased their stakes in 52 Tadawul-listed firms on Monday, July 23, while 43 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Indian Cooperative Insurance Co. (Wafa), Saudi Enaya Cooperative Insurance Co. and Saudi Automotive Services Co. (SASCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Wafa by 0.19 percent, and in Enaya and SASCO by 0.16 percent and 0.13 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Wafa |
12.04% |
12.23% |
+0.19% |
19,000 |
Enaya |
15.88% |
16.04% |
+0.16% |
16,000 |
SASCO |
2.44% |
2.57% |
+0.13% |
78,000 |
Aljazira REIT |
1.84% |
1.95% |
+0.11% |
12,980 |
Al Sorayai |
3.04% |
3.11% |
+0.07% |
15,750 |
Meanwhile, AXA Cooperative Insurance Co. and Saudi Kayan Petrochemical Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.42 percent and 0.12 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
AXA |
25.77% |
25.35% |
(0.42%) |
189,000 |
Kayan |
2.99% |
2.87% |
(0.12%) |
1,800,000 |
Amana |
4.31% |
4.19% |
(0.12%) |
16,800 |
Salama |
8.29% |
8.19% |
(0.10%) |
25,000 |
Alandalus |
0.65% |
0.58% |
(0.07%) |
49,000 |
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