Qualified foreign investors (QFIs) increased their stakes in 80 Tadawul-listed firms on Monday, April 9, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Trade Union Cooperative Insurance Co., United Electronics Co. (eXtra), and Al Sorayai Trading and Industrial Group Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Trade Union by 0.22 percent, in eXtra by 0.13 percent, and in Al Sorayai by 12 percent.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Trade Union |
0.80% |
1.02% |
+0.22% |
60,500 |
|
eXtra |
9.65% |
9.78% |
+0.13% |
54,600 |
|
Al Sorayai |
1.39% |
1.51% |
+0.12% |
27,000 |
|
SACO |
9.53% |
9.64% |
+0.11% |
26,400 |
|
SISCO |
0.97% |
1.07% |
+0.10% |
81,600 |
Meanwhile, Salama Cooperative Insurance Co. and Saudi Arabia Refineries Co. (SARCO) saw the highest stock sales by foreign investors, with QFIs offloading 0.16 and 0.14 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 |
9.29% |
9.13% |
(0.16%) |
40,000 |
|
SARCO |
1.66% |
1.52% |
(0.14%) |
21,000 |
|
Herfy |
8.67% |
8.58% |
(0.09%) |
58,212 |
|
National Gypsum |
1.24% |
1.16% |
(0.08%) |
25,333 |
|
Saudi Paper |
1.91% |
1.86% |
(0.05%) |
22,500 |
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