Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms last Sunday, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Company for Hardware (SACO) and Al Rajhi Company for Cooperative Insurance and Salama Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SACO by 0.46 percent, and in Al Rajhi Takakful and Salama by 0.31 and 0.18 percent respectively.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
SACO |
7.42% |
7.88% |
+0.46% |
110,400 |
|
Al Rajhi Takaful |
8.83% |
9.14% |
+0.31% |
124,000 |
|
Salama |
8.82% |
9.00% |
+0.18% |
45,000 |
|
Care |
5.79% |
5.93% |
+0.14% |
62,790 |
|
Al Tayyar |
7.69% |
7.81% |
+0.12% |
251,580 |
Meanwhile, Malath Cooperative Insurance Co. and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.28 percent and 0.26 percent of their holdings respectively.
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Top Five Stocks Where QFIs Offloaded Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Malath |
21.48% |
21.20% |
(0.28%) |
140,000 |
|
AXA |
22.45% |
22.19% |
(0.26%) |
117,000 |
|
SAICO |
1.34% |
1.22% |
(0.12%) |
30,000 |
|
Chubb Arabia |
32.15% |
32.06% |
(0.09%) |
18,000 |
|
Amana |
5.23% |
5.14% |
(0.09%) |
12,600 |
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