Qualified foreign investors (QFIs) increased their stakes in 61 Tadawul-listed firms on Sunday, April 8, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), AXA Cooperative Insurance Co. and Chubb Arabia Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.32 percent, and in AXA and Chubb Arabia by 0.23 percent and 0.20 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 |
|
Budget Saudi |
18.31% |
18.63% |
+0.32% |
227,733 |
|
AXA |
26.71% |
26.94% |
+0.23% |
103,500 |
|
Chubb Arabia |
32.13% |
32.33% |
+0.20% |
40,000 |
|
Alhokair |
3.12% |
3.24% |
+0.12% |
252,000 |
|
SACO |
9.44% |
9.53% |
+0.09% |
21,600 |
Meanwhile, Salama Cooperative Insurance Co. and United Wire Factories Co. (Aslak) saw the highest stock sales by foreign investors, with QFIs offloading 0.41 and 0.19 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 |
|
Salama |
9.70% |
9.29% |
(0.41%) |
102,500 |
|
Aslak |
1.24% |
1.05% |
(0.19%) |
83,363 |
|
Herfy |
8.82% |
8.67% |
(0.15%) |
97,020 |
|
Gulf Union |
2.37% |
2.24% |
(0.13%) |
19,500 |
|
Trade Union |
0.88% |
0.80% |
(0.08%) |
22,000 |
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