Qualified foreign investors (QFIs) increased their stakes in 86 Tadawul-listed firms on Wednesday, April 18, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Vitrified Clay Pipes Co. (SVCP), Middle East Specialized Cable Co. (MESC) and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SVCP by 0.38 percent, and in MESC and SISCO by 0.35 percent and 0.23 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 |
|
SVCP |
2.05% |
2.43% |
+0.38% |
57,000 |
|
MESC |
0.92% |
1.27% |
+0.35% |
210,000 |
|
SISCO |
2.06% |
2.29% |
+0.23% |
187,680 |
|
Malath |
20.26% |
20.48% |
+0.22% |
110,000 |
|
SARCO |
1.67% |
1.82% |
+0.15% |
22,500 |
Meanwhile, Aljazira Bank and Walaa Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 1.95 and 0.39 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 |
|
Aljazira |
7.75% |
5.80% |
(1.95%) |
15,990,000 |
|
Walaa |
10.80% |
10.41% |
(0.39%) |
156,000 |
|
Alujain |
5.67% |
5.34% |
(0.33%) |
228,360 |
|
Aljazira REIT |
2.48% |
2.30% |
(0.18%) |
21,240 |
|
Shams |
1.56% |
1.43% |
(0.13%) |
13,195 |
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