Qualified foreign investors (QFIs) increased their stakes in 50 Tadawul-listed firms on Wednesday, July 25, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Industrial Investment Co. (SIECO), Tabuk Cement Co. and Saudi Automotive Services Co. (SASCO) and were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SIECO by 0.36 percent, and in Tabuk Cement and SASCO by 0.18 percent and 0.15 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SIECO

 1.37%

 1.73%

+0.36%

3,888

Tabuk Cement

 1.06%

 1.24%

+0.18%

162,000

SASCO

 2.71%

 2.86%

+0.15%

90,000

Wafa

 12.10%

 12.19%

+0.09%

9,000

Herfy

 7.63%

 7.69%

+0.06%

38,808

 

Meanwhile, Saudia Dairy and Foodstuff Co. (SADAFCO) and Saudi Industrial serviced Co. (SISCO) saw the highest stock sales by foreign investors, with QFIs offloading 0.55 percent and 0.16 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SADAFCO

8.87%

 8.32%

(0.55%)

178,750

SISCO

 2.47%

 2.31%

(0.16%)

130,560

SACO

 12.25%

 12.14%

(0.11%)

26,400

Amana

 4.13%

 4.02%

(0.11%)

15,400

Alinma

 3.41%

 3.31%

(0.10%)

1,500,000

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