Qualified foreign investors (QFIs) increased their stakes in 39 Tadawul-listed firms on Sunday, June 24, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Dallah Healthcare Co., Middle East Paper Co. (MEPCO) and United International Transportation Co. Ltd. (Budget Saudi) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Dallah and MEPCO by 0.11 percent, each, and in Budget Saudi by 0.04 percent.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Dallah |
3.26% |
3.37% |
+0.11% |
64,900 |
|
MEPCO |
1.49% |
1.60% |
+0.11% |
55,000 |
|
Budget Saudi |
20.17% |
20.21% |
+0.04% |
28,467 |
|
Al Sagr |
1.68% |
1.72% |
+0.04% |
10,000 |
|
Alandalus Property |
0.55% |
0.59% |
+0.04% |
28,000 |
Meanwhile, Al Sorayai Trading and Industrial Group Co. and Saudi Indian Cooperative Insurance Co. (Wafa Insurance) saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.08 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 Sorayai |
2.82% |
2.70% |
(0.12%) |
27,000 |
|
Wafa |
12.67% |
12.56% |
(0.11%) |
11,000 |
|
Al Khaleej Training |
6.77% |
6.69% |
(0.08%) |
36,000 |
|
SPIMACO |
1.22% |
1.16% |
(0.06%) |
72,000 |
|
SIECO |
1.71% |
1.65% |
(0.06%) |
648 |
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