Qualified foreign investors (QFIs) increased their stakes in 44 Tadawul-listed firms on Sunday, Aug. 5, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Gulf Union Cooperative Insurance Co., Fawaz Abdulaziz Alhokair Co.’s (Alhokair) and AlAhli REIT Fund (1) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Gulf Union by 0.17 percent, and in Alhokair and AlAhli REIT (1) by 0.15 percent and 0.14 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Gulf Union |
3.13% |
3.30% |
+0.17% |
25,500 |
Alhokair |
2.93% |
3.08% |
+0.15% |
315,000 |
AlAhli REIT (1) |
0.22% |
0.36% |
+0.14% |
192,500 |
Bupa Arabia |
43.92% |
44.04% |
+0.12% |
96,000 |
Wafa |
12.26% |
12.37% |
+0.11% |
11,000 |
Meanwhile, AlAhli Takaful Co. and Al Ahlia for Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.59 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 |
AlAhli Takaful |
19.72% |
19.13% |
(0.59%) |
98,333 |
Al Ahlia |
8.98% |
8.80% |
(0.18%) |
57,600 |
Dallah |
3.05% |
2.88% |
(0.17%) |
100,300 |
SACO |
10.39% |
10.33% |
(0.06%) |
14,400 |
Chubb Arabia |
32.45% |
32.39% |
(0.06%) |
12,000 |
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