Qualified foreign investors (QFIs) increased their stakes in 65 Tadawul-listed firms on Tuesday, May 1, while 46 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care) and Abdulmohsen Alhokair Group for Tourism & Development Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.14 percent and in Alhokair Group by 0.10 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes
Number of shares
Meanwhile, Bank Aljazira and Saudi Paper Manufacturing Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.11 and 0.09 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes
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