Qualified foreign investors (QFIs) increased their stakes in 46 Tadawul-listed firms on Wednesday, June 6, while 50 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), Walaa Cooperative Insurance Co. and Abdulmohsen Alhokair Group for Tourism & Development Co. (Al Hokair Group) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.16 percent, and in Walaa and Alhokair Group by 0.13 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 |
Variation |
Number of shares |
|
Budget Saudi |
19.74% |
19.90% |
+0.16% |
113,867 |
|
Walaa |
9.55% |
9.68% |
+0.13% |
57,200 |
|
Al Hokair Group |
3.85% |
3.97% |
+0.12% |
66,000 |
|
SACO |
11.83% |
11.93% |
+0.10% |
24,000 |
|
SADAFCO |
8.32% |
8.40% |
+0.08% |
26,000 |
Meanwhile, Al Ahli Takaful Co. and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.41 and 0.36 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 |
|
Al Ahli Takaful |
20.38% |
19.97% |
(0.41%) |
68,333 |
|
AXA |
26.88% |
26.52% |
(0.36%) |
162,000 |
|
AICC |
32.14% |
31.94% |
(0.20%) |
53,000 |
|
Malath |
22.21% |
22.11% |
(0.10%) |
50,000 |
|
Al Rajhi |
6.42% |
6.34% |
(0.08%) |
1,300,000 |
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