Qualified foreign investors (QFIs) increased their stakes in 57 Tadawul-listed firms on Thursday, June 28, while 51 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Enaya Cooperative Insurance Co., Saudi Indian Cooperative Insurance Co. (Wafa Insurance) and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Enaya by 0.21 percent, and in Wafa and Malath by 0.18 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 |
|
Enaya |
15.66% |
15.87% |
+0.21% |
21,000 |
|
Wafa |
11.73% |
11.91% |
+0.18% |
18,000 |
|
Malath |
21.65% |
21.80% |
+0.15% |
75,000 |
|
Salama |
9.37% |
9.50% |
+0.13% |
32,500 |
|
Tawuniya |
4.52% |
4.63% |
+0.11% |
137,500 |
Meanwhile, Al Khaleej Training and Education Co. and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.29 percent of their holdings, in each.
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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 Khaleej Training |
5.91% |
5.62% |
(0.29%) |
130,500 |
|
Amana |
5.09% |
4.80% |
(0.29%) |
40,600 |
|
eXtra |
11.62% |
11.44% |
(0.18%) |
75,600 |
|
SAPTCO |
0.70% |
0.57% |
(0.13%) |
162,500 |
|
Savola |
4.67% |
4.56% |
(0.11%) |
587,379 |
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