Qualified foreign investors (QFIs) increased their stakes in 79 Tadawul-listed firms on Monday, April 23, while 54 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Abdulmohsen Alhokair Group for Tourism and Development Co., Bank Aljazira and Gulf Union Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alhokair Group by 0.72 percent, and in Bank Aljazira and Gulf Union by 0.54 percent and 0.36 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 |
|
Alhokair Group |
1.78% |
2.50% |
+0.72% |
396,000 |
|
Aljazira |
5.79% |
6.33% |
+0.54% |
4,428,000 |
|
Gulf Union |
2.35% |
2.71% |
+0.36% |
54,000 |
|
Care |
2.52% |
2.76% |
+0.24% |
195,840 |
|
SISCO |
14.22% |
14.45% |
+0.23% |
103,155 |
Meanwhile, Middle East Paper Co. (MEPCO) saw the highest stock sale by foreign investors, with QFIs offloading 0.28 percent of their holdings.
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Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
MEPCO |
2.16% |
1.88% |
(0.28%) |
140,000 |
|
MetLife AIG ANB |
40.77% |
40.64% |
(0.13%) |
23,400 |
|
Gulf General |
2.85% |
2.72% |
(0.13%) |
26,000 |
|
Bupa Arabia |
44.03% |
43.91% |
(0.12%) |
96,000 |
|
Riyad REIT |
2.37% |
2.25% |
(0.12%) |
60,000 |
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