Qualified foreign investors (QFIs) increased their stakes in 50 Tadawul-listed firms on Sunday, July 15, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Automotive Services Co. (SASCO), Saudi Arabia Refineries Co. (SARCO) and Aldrees Petroleum & Transport Services Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SASCO by 0.10 percent, and in SARCO and Aldrees by 0.09 percent and 0.05 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 |
|
SASCO |
1.56% |
1.66% |
+0.10% |
60,000 |
|
SARCO |
1.47% |
1.56% |
+0.09% |
13,500 |
|
Aldrees |
3.61% |
3.66% |
+0.05% |
25,000 |
|
Thimar |
1.30% |
1.35% |
+0.05% |
5,000 |
|
FIPCO |
0.84% |
0.88% |
+0.04% |
4,600 |
Meanwhile, Saudi Industrial Export Co. (SIECO) and Halwani Bros Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.09 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 |
|
SIECO |
1.60% |
1.38% |
(0.22%) |
2,376 |
|
Halwani |
3.82% |
3.73% |
(0.09%) |
25,714 |
|
Tihama |
1.84% |
1.76% |
(0.08%) |
6,000 |
|
Takween |
0.32% |
0.26% |
(0.06%) |
57,000 |
|
Amana |
4.11% |
4.05% |
(0.06%) |
8,400 |
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