Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Thursday, May 24, while 44 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Indian Cooperative Insurance Co. (Wafa Insurance), United Electronics Co. (eXtra) and Saudi Co. for Hardware (SACO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Wafa by 0.26 percent, and in eXtra and SACO by 0.24 percent and 0.15 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 |
|
Wafa |
12.71% |
12.97% |
+0.26% |
26,923 |
|
eXtra |
11.09% |
11.33% |
+0.24% |
100,800 |
|
SACO |
11.15% |
11.30% |
+0.15% |
36,000 |
|
Al Khodari |
1.74% |
1.81% |
+0.07% |
37,188 |
|
Alandalus |
0.68% |
0.75% |
+0.07% |
49,000 |
Meanwhile, Saudi Marketing Co. (Farm Superstores) and Anaam International Holding Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.15 and 0.11 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 |
|
Farm Superstores |
1.28% |
1.13% |
(0.15%) |
67,500 |
|
Anaam Holding |
0.96% |
0.85% |
(0.11%) |
21,560 |
|
Bupa Arabia |
44.46% |
44.35% |
(0.11%) |
88,000 |
|
Shams |
1.37% |
1.27% |
(0.10%) |
10,150 |
|
Al Rajhi Takaful |
9.47% |
9.38% |
(0.09%) |
36,000 |
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