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Qualified foreign investors (QFIs) increased their stakes in 64 Tadawul-listed firms on Thursday, April 12, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Ash-Sharqiyah Development Co., Malath Cooperative Insurance Co. and Aljazira REIT were the top securities seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Ash-Sharqiyah by 0.35 percent, and in Malath and Aljazira REIT by 0.16 percent and 0.12 percent, respectively.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Change |
Shares Traded |
|
Ash-Sharqiyah |
0.77% |
1.12% |
+0.35% |
26,250 |
|
Malath |
19.76% |
19.92% |
+0.16% |
80,000 |
|
Aljazira REIT |
2.68% |
2.80% |
+0.12% |
14,160 |
|
Al Sorayai |
1.46% |
1.57% |
+0.11% |
24,750 |
|
Al Rajhi Takaful |
9.71% |
9.82% |
+0.11% |
44,000 |
Meanwhile, Salama Cooperative Insurance Co. and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.61 and 0.41 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 |
Change |
Shares Traded |
|
Salama |
9.15% |
8.54% |
(0.61%) |
152,500 |
|
Shams |
1.74% |
1.33% |
(0.41%) |
41,615 |
|
Advanced Industries |
1.16% |
0.99% |
(0.17%) |
85,000 |
|
Budget Saudi |
18.63% |
18.48% |
(0.15%) |
106,750 |
|
SACO |
9.57% |
9.50% |
(0.07%) |
16,800 |
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