Qualified foreign investors (QFIs) increased their stakes in 69 Tadawul-listed firms on Thursday, April 5, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
AXA Cooperative Insurance Co., United International Transportation Co. Ltd. (Budget Saudi) and Bank Aljazira were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in AXA by 0.98 percent, and in Budget Saudi and Bank Aljazira by 0.39 percent and 18 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 |
|
AXA |
25.73% |
26.71% |
+0.98% |
441,000 |
|
Budget Saudi |
17.92% |
18.31% |
+0.39% |
277,550 |
|
Bank Aljazira |
7.74% |
7.92% |
+0.18% |
1,476,000 |
|
Aljazira REIT |
2.56% |
2.70% |
+0.14% |
16,520 |
|
SARCO |
1.52% |
1.65% |
+0.13% |
19,500 |
Meanwhile, Salama Cooperative Insurance Co. and Saudi Vitrified Clay Pipes Co. (SVCP) saw the highest stock sales by foreign investors, with QFIs offloading 0.32 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 |
|
Salama |
10.02% |
9.70% |
(0.32%) |
80,000 |
|
SVCP |
2.11% |
1.91% |
(0.20%) |
30,000 |
|
Aldrees |
2.51% |
2.34% |
(0.17%) |
85,000 |
|
eXtra |
9.76% |
9.66% |
(0.10%) |
42,000 |
|
Walaa |
10.81% |
10.71% |
(0.10%) |
40,000 |
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