Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Wednesday, July 18, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Automotive Services Co. (SASCO), Aljazira Mawten REIT Fund, Saudi Indian Cooperative Insurance Co. (Wafa Insurance) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SASCO by 0.29 percent, and in Aljazira REIT and Wafa by 0.26 percent and 0.17 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SASCO

 1.81%

 2.10%

+0.29%

174,000

Aljazira REIT

 1.80%

 2.06%

+0.26%

30,680

Wafa

 11.82%

 11.99%

+0.17%

17,000

Amana

 4.31%

 4.39%

+0.08%

11,200

Kayan

 2.86%

 2.94%

+0.08%

1,200,000

 

Meanwhile, Aldrees Petroleum and Transport Services Co. and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.58 percent and 0.36 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aldrees

 3.61%

 3.03%

(0.58%)

290,000

AXA

 26.28%

 25.92%

(0.36%)

162,000

Salama

 8.58%

 8.33%

(0.25%)

62,500

Tihama

 2.03%

 1.97%

(0.06%)

4,500

MedGulf

 6.22%

 6.16%

(0.06%)

24,000

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Quotes

SASCO
77.50
(0.20) (0.26%)
TAPRCO
15.34
0.22 1.46%
ALDREES
129.20
(2.40) (1.82%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
SALAMA
21.44
(0.28) (1.29%)
MEDGULF
23.24
1.10 4.97%
Wafa Insurance
9.50
(0.58) (5.75%)
GIG
29.25
0.40 1.39%
AMANA INSURANCE
10.88
0.22 2.06%
ALJAZIRA REIT
15.50
(0.10) (0.64%)


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