Qualified foreign investors (QFIs) increased their stakes in 25 Tadawul-listed firms on Sunday, July 8, while 51 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Aldrees & Transport Services Co., Saudi Automated Services Co. (SASCO) and Saudi Company for Hardware (SACO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Aldrees by 0.23 percent, and in SASCO and SACO by 0.11 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 |
|
Aldrees |
2.69% |
2.92% |
+0.23% |
115,000 |
|
SASCO |
0.98% |
1.09% |
+0.11% |
66,000 |
|
SACO |
12.24% |
12.32% |
+0.08% |
19,200 |
|
Care |
16.55% |
16.61% |
+0.06% |
26,910 |
|
Wafa |
11.85% |
11.89% |
+0.04% |
4,000 |
Meanwhile, Amana Cooperative Insurance Co. and Fawaz Abdulaziz Alhokair Co.’s (Alhokair) saw the highest stock sales by foreign investors, with QFIs offloading 0.27 percent and 0.20 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 |
|
Amana |
4.47% |
4.20% |
(0.27%) |
37,800 |
|
Alhokair |
3.01% |
2.81% |
(0.20%) |
420,000 |
|
Alujain |
5.45% |
5.30% |
(0.15%) |
103,800 |
|
Budget Saudi |
20.21% |
20.14% |
(0.07%) |
49,817 |
|
eXtra |
11.16% |
11.10% |
(0.06%) |
25,200 |
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