Qualified foreign investors (QFIs) increased their stakes in 55 Tadawul-listed firms on Wednesday, May 30, while 32 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Malath Cooperative Insurance Co., United International Transportation Co. Ltd (Budget Saudi) and Al Tayyar Travel Group were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Malath by 0.17 percent, and in Budget Saudi and Al Tayyar by 0.16 percent and 0.12 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 |
|
Malath |
21.95% |
22.12% |
+0.17% |
85,000 |
|
Budget Saudi |
19.57% |
19.73% |
+0.16% |
113,867 |
|
Al Tayyar |
11.10% |
11.22% |
+0.12% |
251,580 |
|
Alujain |
5.36% |
5.41% |
+0.05% |
34,600 |
|
eXtra |
11.61% |
11.66% |
+0.05% |
21,000 |
Meanwhile, Etihad Atheeb Telecommunication Co. (GO) and AlBaha Investment & Development Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.12 and 0.10 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 |
|
Etihad Atheeb (GO) |
1.84% |
1.72% |
(0.12%) |
56,700 |
|
AlBaha |
1.40% |
1.30% |
(0.10%) |
15,000 |
|
Care |
15.30% |
15.23% |
(0.07%) |
31,395 |
|
AXA |
27.69% |
27.62% |
(0.07%) |
31,500 |
|
Al Hammadi |
2.34% |
2.28% |
(0.06%) |
72,000 |
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