Foreign investors hiked stakes in 48 listed firms last Thursday
Qualified foreign investors (QFIs) increased their stakes in 48 Tadawul-listed firms on Thursday, Aug. 9, while 47 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Enaya Cooperative Insurance Co., AXA Cooperative Insurance Co. and Saudi Arabia Refineries Co. (SARCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Saudi Enaya by 0.37 and AXA and SARCO by 0.11 percent and 0.10 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Enaya |
15.91% |
16.28% |
+0.37% |
37,000 |
AXA |
24.63% |
24.74% |
+0.11% |
49,500 |
SARCO |
1.44% |
1.54% |
+0.10% |
15,000 |
Arabian Shield |
6.07% |
6.17% |
+0.10% |
30,000 |
Trade Union |
1.17% |
1.23% |
+0.06% |
16,500 |
Meanwhile, Saudi Industrial Export Co. (SIECO) and Gulf Union Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.29 percent and 0.23 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SIECO |
1.81% |
1.52% |
(0.29%) |
3,132 |
Gulf Union |
3.84% |
3.61% |
(0.23%) |
34,500 |
Al Tayyar |
11.88% |
11.74% |
(0.14%) |
293,510 |
SADAFCO |
8.06% |
7.93% |
(0.13%) |
42,250 |
Wataniya |
10.68% |
10.55% |
(0.13%) |
26,000 |
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