Qualified foreign investors (QFIs) increased their stakes in 62 Tadawul-listed firms on Wednesday, May 23, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United Electronics Co. (eXtra), Saudi Industrial Export Co. (SIECO) and Ash-Sharqiyah Development Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in eXtra by 0.14 percent, and in SIECO and Ash-Sharqiyah by 0.10 percent and 0.08 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 |
|
eXtra |
10.95% |
11.09% |
+0.14% |
58,800 |
|
SIECO |
1.46% |
1.56% |
+0.10% |
1,080 |
|
Ash-Sharqiyah |
0.62% |
0.70% |
+0.08% |
6,000 |
|
Al Sorayai |
1.83% |
1.91% |
+0.08% |
18,000 |
|
Alawwal |
41.58% |
41.62% |
+0.04% |
457,229 |
Meanwhile, Al Tayyar Travel Group and Al Hammadi Company for Development and Investment saw the highest stock sales by foreign investors, with QFIs offloading 0.23 and 0.16 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 |
|
Al Tayyar |
11.35% |
11.12% |
(0.23%) |
482,195 |
|
Al Hammadi |
2.61% |
2.45% |
(0.16%) |
192,000 |
|
Al Rajhi Takaful |
9.61% |
9.47% |
(0.14%) |
56,000 |
|
Wafa |
12.79% |
12.71% |
(0.08%) |
8,284 |
|
Al Othaim |
4.23% |
4.17% |
(0.06%) |
54,000 |
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