Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Wednesday, July 4, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), Saudia Dairy & Foodstuff Co. (SADAFCO) and Saudi Automated Services Co. (SASCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.48 percent, and in SADAFCO and SASCO by 0.12 percent and 0.09 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 |
|
Care |
16.03% |
16.51% |
+0.48% |
215,280 |
|
SADAFCO |
8.52% |
8.64% |
+0.12% |
39,000 |
|
SASCO |
0.76% |
0.85% |
+0.09% |
54,000 |
|
Aldrees |
2.17% |
2.23% |
+0.06% |
30,000 |
|
Alhokair |
3.13% |
3.18% |
+0.05% |
105,000 |
Meanwhile, Al Sorayai Trading & Industrial Group Co. and United Electronics Co. (eXtra) saw the highest stock sales by foreign investors, with QFIs offloading 0.25 percent and 0.16 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 |
|
Al Sorayai |
2.60% |
2.35% |
(0.25%) |
56,250 |
|
eXtra |
11.35% |
11.19% |
(0.16%) |
67,200 |
|
Alinma |
3.53% |
3.42% |
(0.11%) |
1,650,000 |
|
Al Waha |
0.48% |
0.39% |
(0.09%) |
13,500 |
|
Aljazira |
5.41% |
5.33% |
(0.08%) |
656,000 |
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