Qualified foreign investors (QFIs) increased their stakes in 68 Tadawul-listed firms on Wednesday, May 2, while 38 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Dar Al-Arkan Real Estate Development Co., United International Transportation Co. Ltd. (Budget Saudi) and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Dar Al-Arkan by 0.34 percent, in Budget Saudi by 0.29 percent, and in Malath by 0.23 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 |
|
Dar Al-Arkan |
3.10% |
3.44% |
+0.34% |
3,672,000 |
|
Budget Saudi |
18.15% |
18.44% |
+0.29% |
206,383 |
|
Malath |
20.96% |
21.19% |
+0.23% |
115,000 |
|
Care |
15.21% |
15.42% |
+0.21% |
94,185 |
|
Alhokair |
3.13% |
3.32% |
+0.19% |
399,000 |
Meanwhile, Alujain Corporation and Bank Aljazira saw the highest stock sales by foreign investors, with QFIs offloading 0.72 and 0.17 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 |
|
Alujain |
5.37% |
4.65% |
(0.72%) |
498,240 |
|
Aljazira |
6.61% |
6.44% |
(0.17%) |
1,394,000 |
|
Al Sagr |
1.86% |
1.70% |
(0.16%) |
40,000 |
|
Arabian Shield |
5.99% |
5.90% |
(0.09%) |
18,000 |
|
Alhokair Group |
2.56% |
2.48% |
(0.08%) |
44,000 |
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