Qualified foreign investors (QFIs) increased their stakes in 62 Tadawul-listed firms on Wednesday, April 25, while 60 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Gulf Union Cooperative Insurance Co., National Agriculture Marketing Co. (Thimar) and Tihama Advertising and Public Relations Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Gulf Union by 0.18 percent, in Thimar by 0.13 percent and in Tihama by 0.12 percent.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Gulf Union |
2.73% |
2.91% |
+0.18% |
27,000 |
|
Thimar |
1.47% |
1.60% |
+0.13% |
13,000 |
|
Tihama |
2.01% |
2.13% |
+0.12% |
9,000 |
|
Care |
14.55% |
14.65% |
+0.10% |
44,850 |
|
Aslak |
1.025% |
1.12% |
+0.10% |
43,875 |
Meanwhile, Saudi Industrial Services Co. (SISCO) and United International Transportation Co. Ltd. (Budget Saudi) saw the highest stock sales by foreign investors, with QFIs offloading 0.28 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 |
|
SISCO |
2.87% |
2.59% |
(0.28%) |
228,480 |
|
Budget Saudi |
18.39% |
18.20% |
(0.19%) |
135,217 |
|
Herfy |
8.45% |
8.34% |
(0.11%) |
71,148 |
|
SVCP |
2.24% |
2.13% |
(0.11%) |
16,500 |
|
Arabian Pipes |
1.44% |
1.34% |
(0.10%) |
40,000 |
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