Qualified foreign investors (QFIs) increased their stakes in 34 Tadawul-listed firms on Thursday, Aug. 2, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Al Rajhi Co. for Cooperative Insurance (Al Rajhi Takaful), Saudi Industrial Export Co. (SIECO) and Al Sorayai Trading & Industrial Group Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Al Rajhi Takaful by 0.56 percent, and in SIECO and Al Sorayai by 0.10 percent, each.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Al Rajhi Takaful |
7.28% |
7.84% |
+0.56% |
224,000 |
|
SIECO |
1.73% |
1.83% |
+0.10% |
1,080 |
|
Al Sorayai |
2.95% |
3.05% |
+0.10% |
22,500 |
|
Budget |
19.99% |
20.05% |
+0.06% |
42,700 |
|
Walaa |
9.40% |
9.46% |
+0.06% |
26,400 |
Meanwhile, Salama Cooperative Insurance Co. and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.21 percent and 0.14 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 |
7.44% |
7.23% |
(0.21%) |
52,500 |
|
AXA |
24.58% |
24.44% |
(0.14%) |
63,000 |
|
Dallah |
3.16% |
3.05% |
(0.11%) |
64,900 |
|
Care |
16.66% |
16.55% |
(0.11%) |
49,335 |
|
Arabian Shield |
5.94% |
5.86% |
(0.08%) |
24,000 |
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