Qualified foreign investors (QFIs) increased their stakes in 62 Tadawul-listed firms on Tuesday, April 24, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Bank Aljazira, Tihama Advertising and Public Relations Co. and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Bank Aljazira by 0.29 percent, and in Tihama and SISCO by 0.24 percent and 0.11 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 |
|
Bank Aljazira |
6.33% |
6.62% |
+0.29% |
2,378,000 |
|
Tihama |
1.77% |
2.01% |
+0.24% |
18,000 |
|
SISCO |
2.76% |
2.87% |
+0.11% |
89,760 |
|
Care |
14.45% |
14.55% |
+0.10% |
44,850 |
|
Al Tayyar |
11.36% |
11.45% |
+0.09% |
188,685 |
Meanwhile, United International Transportation Co. Ltd. (Budget Saudi) and Al Sorayai Trading and Industrial Group Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.20 and 0.19 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 |
|
Budget Saudi |
18.59% |
18.39% |
(0.20%) |
142,333 |
|
Al Sorayai |
1.46% |
1.27% |
(0.19%) |
42,750 |
|
Aldrees |
2.01% |
1.85% |
(0.16%) |
80,000 |
|
MEPCO |
1.88% |
1.74% |
(0.14%) |
70,000 |
|
MESC |
1.28% |
1.15% |
(0.13%) |
78,000 |
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