Qualified foreign investors (QFIs) increased their stakes in 75 Tadawul-listed firms on Monday, May 14, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Malath Cooperative Insurance Co., Dar Al Arkan Real Estate Development Co. and Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Malath by 0.42 percent, and in Dar Al Arkan and Al Hokair Group by 0.31 percent and 0.23 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes
Number of shares
Dar Al Arkan
Al Hokair Group
Meanwhile, Buruj Cooperative Insurance Co. and Gulf General Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.98 and 0.63 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes
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