Qualified foreign investors (QFIs) increased their stakes in 63 Tadawul-listed firms on Monday, June 25, while 55 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Middle East Paper Co. (MEPCO) and Al Tayyar Travel Group Holding Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in MEPCO by 0.10 percent and in Al-Tayyar by 0.08 percent.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
MEPCO |
1.60% |
1.70% |
+0.10% |
50,000 |
Al Tayyar |
11.71% |
11.79% |
+0.08% |
167,720 |
Bupa Arabia |
43.82% |
43.88% |
+0.06% |
48,000 |
Yanbu Cement |
0.67% |
0.73% |
+0.06% |
94,500 |
Saudi Fisheries |
0.53% |
0.59% |
+0.06% |
12,000 |
Meanwhile, Saudi Indian Cooperative Insurance Co. (Wafa Insurance) saw the highest stock sales by foreign investors, with QFIs offloading 0.70 percent of their holdings.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Wafa |
21.56% |
11.86% |
(0.70%) |
70,000 |
Malath |
22.11% |
21.64% |
(0.47%) |
235,000 |
Alinma |
4.01% |
3.73% |
(0.28%) |
420,000 |
eXtra |
12.23% |
12.09% |
(0.14%) |
58,800 |
Ash-Sharqiyah |
0.79% |
0.69% |
(0.10%) |
7,500 |
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