Qualified foreign investors (QFIs) increased their stakes in 41 Tadawul-listed firms on Monday, Aug. 6, while 51 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Fawaz Abdulaziz Alhokair Co.’s (Alhokair), Bupa Arabia for Cooperative Insurance Co. and Al Ahsa Development Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alhokair by 0.41 percent, and in Bupa Arabia and Al Ahsa by 0.19 percent and 0.13 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 |
|
Alhokair |
3.08% |
3.49% |
+0.41% |
861,000 |
|
Bupa Arabia |
44.04% |
44.23% |
+0.19% |
152,000 |
|
Al Ahsa |
0.74% |
0.87% |
+0.13% |
63,700 |
|
Alandalus |
0.74% |
0.87% |
+0.13% |
91,000 |
|
BCI |
2.80% |
2.90% |
+0.10% |
27,500 |
Meanwhile, Aljazira Mawten REIT Fund and Saudi Industrial Export Co. (SIECO) saw the highest stock sales by foreign investors, with QFIs offloading 0.41 percent and 0.29 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 |
|
Aljazira REIT |
1.89% |
1.48% |
(0.41%) |
48,380 |
|
SIECO |
1.87% |
1.58% |
(0.29%) |
3,132 |
|
Dallah |
2.88% |
2.62% |
(0.26%) |
153,400 |
|
Amana |
4.07% |
3.95% |
(0.12%) |
16,800 |
|
SACO |
10.33% |
10.22% |
(0.11%) |
26,400 |
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