Qualified foreign investors (QFIs) increased their stakes in 30 Tadawul-listed firms on Tuesday, June 12, while 70 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Company for Hardware (SACO), Saudi Indian Cooperative Insurance Co. (Wafa) and National Medical Care (Care) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SACO by 0.16 percent, and in Wafa and Care by 0.13 percent and 0.11 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 |
|
SACO |
11.98% |
12.14% |
+0.16% |
38,400 |
|
Wafa |
12.43% |
12.56% |
+0.13% |
13,000 |
|
Care |
15.44% |
15.55% |
+0.11% |
49,335 |
|
Al Sorayai |
2.82% |
2.91% |
+0.09% |
20,250 |
|
SIDC |
1.20% |
1.25% |
+0.05% |
20,000 |
Meanwhile, Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) and Al Ahli Takaful Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.07 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 Rajhi Takaful |
8.80% |
8.70% |
(0.10%) |
40,000 |
|
Al Ahli Takaful |
19.76% |
19.69% |
(0.07%) |
11,667 |
|
Nama |
1.25% |
1.18% |
(0.07%) |
16,464 |
|
Dar Al-Arkan |
3.74% |
3.69% |
(0.05%) |
540,000 |
|
Saudi Cable |
2.07% |
2.03% |
(0.04%) |
16,165 |
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