Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Wednesday, July 18, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Automotive Services Co. (SASCO), Aljazira Mawten REIT Fund, Saudi Indian Cooperative Insurance Co. (Wafa Insurance) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SASCO by 0.29 percent, and in Aljazira REIT and Wafa by 0.26 percent and 0.17 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 |
|
SASCO |
1.81% |
2.10% |
+0.29% |
174,000 |
|
Aljazira REIT |
1.80% |
2.06% |
+0.26% |
30,680 |
|
Wafa |
11.82% |
11.99% |
+0.17% |
17,000 |
|
Amana |
4.31% |
4.39% |
+0.08% |
11,200 |
|
Kayan |
2.86% |
2.94% |
+0.08% |
1,200,000 |
Meanwhile, Aldrees Petroleum and Transport Services Co. and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.58 percent and 0.36 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 |
|
Aldrees |
3.61% |
3.03% |
(0.58%) |
290,000 |
|
AXA |
26.28% |
25.92% |
(0.36%) |
162,000 |
|
Salama |
8.58% |
8.33% |
(0.25%) |
62,500 |
|
Tihama |
2.03% |
1.97% |
(0.06%) |
4,500 |
|
MedGulf |
6.22% |
6.16% |
(0.06%) |
24,000 |
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