Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Wednesday, July 11, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Alujain Corp., Filing & Packaging Materials Manufacturing Co. (FIPCO) and Allied Cooperative Insurance Group (ACIG) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alujain by 0.40 percent, and in FIPCO and ACIG by 0.15 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 |
|
Alujain |
5.32% |
5.72% |
+0.40% |
276,800 |
|
FIPCO |
0.75% |
0.90% |
+0.15% |
17,250 |
|
ACIG |
0.73% |
0.86% |
+0.13% |
26,000 |
|
eXtra |
11.24% |
11.36% |
+0.12% |
50,400 |
|
Al Ahli Takaful |
19.64% |
19.75% |
+0.11% |
18,333 |
Meanwhile, Salama Cooperative Insurance Co. and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.20 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 |
|
Salama |
9.19% |
8.97% |
(1.32%) |
55,000 |
|
Amana |
4.18% |
3.98% |
(0.28%) |
28,000 |
|
Wafa |
11.83% |
11.67% |
(0.24%) |
16,000 |
|
Al Rajhi Takaful |
7.89% |
7.73% |
(0.16%) |
64,000 |
|
Dar Al Arkan |
3.77% |
3.67% |
(0.10%) |
1,080,000 |
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