Qualified foreign investors (QFIs) increased their stakes in 50 Tadawul-listed firms on Thursday, July 19, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Automotive Services Co. (SASCO), National Medical Care Co. (Care) and Saudi Kayan Petrochemical Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SASCO by 0.26 percent, and in Care and Kayan by 0.16 percent and 0.05 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 |
2.10% |
2.36% |
+0.26% |
156,000 |
|
Care |
16.71% |
16.87% |
+0.16% |
71,760 |
|
Kayan |
2.94% |
2.99% |
+0.05% |
750,000 |
|
Saudi German |
12.00% |
12.05% |
+0.05% |
46,020 |
|
Chubb Arabia |
32.43% |
32.47% |
+0.04% |
8,000 |
Meanwhile, Al Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful) and Saudi Industrial Export Co. (SIECO) saw the highest stock sales by foreign investors, with QFIs offloading 0.19 percent and 0.13 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 |
7.74% |
7.55% |
(0.19%) |
76,000 |
|
SIECO |
1.37% |
1.24% |
(0.13%) |
1,404 |
|
Amana |
4.39% |
4.30% |
(0.09%) |
12,600 |
|
Aljazira REIT |
2.06% |
1.97% |
(0.09%) |
10,620 |
|
AXA |
25.92% |
25.85% |
(0.07%) |
31,500 |
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