Qualified foreign investors (QFIs) increased their stakes in 47 Tadawul-listed firms on Wednesday, Aug. 1, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Alandalus Property Co., AlBaha Investment & Development Co. and Chubb Arabia Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alandalus by 0.10 percent, and in AlBaha and Chubb Arabia by 0.06 percent and 0.04 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Alandalus |
0.58% |
0.68% |
+0.10% |
70,000 |
AlBaha |
1.70% |
1.76% |
+0.06% |
9,000 |
Chubb Arabia |
32.41% |
32.45% |
+0.04% |
8,000 |
Tihama |
1.90% |
1.94% |
+0.04% |
3,000 |
Al Yamamah Steel |
0.79% |
0.83% |
+0.04% |
20,320 |
Meanwhile, Saudi Enaya Cooperative Insurance Co. and Salama Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.19 percent and 0.18 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Enaya |
16.26% |
16.07% |
(0.19%) |
19,000 |
Salama |
7.62% |
7.44% |
(0.18%) |
45,000 |
Al Sorayai |
3.05% |
2.95% |
(0.10%) |
22,500 |
Dallah |
3.25% |
3.16% |
(0.09%) |
53,100 |
SACO |
10.52% |
10.45% |
(0.07%) |
16,800 |
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