Foreign investors hiked stakes in 50 listed firms last Wednesday
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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