Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Thursday, May 10, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group), Saudi Company for Hardware (SACO) and Arabian Shield Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Al Hokair Group by 0.17 percent, and in SACO and Arabian by 0.14 percent and 0.13 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 |
|
Al Hokair Group |
2.48% |
2.65% |
+0.17% |
93,500 |
|
SACO |
10.14% |
10.28% |
+0.14% |
33,600 |
|
Arabian Shield |
6.01% |
6.14% |
+0.13% |
26,000 |
|
Wafa |
13.12% |
13.24% |
+0.12% |
12,426 |
|
Saudi Re |
2.30% |
2.39% |
+0.09% |
72,900 |
Meanwhile, Malath Cooperative Insurance Co. and Nama Chemicals Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.26 and 0.21 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 |
|
Malath |
21.26% |
21.00% |
(0.26%) |
130,000 |
|
Nama |
1.51% |
1.30% |
(0.21%) |
49,392 |
|
Aljazira REIT |
2.12% |
1.91% |
(0.21%) |
24,780 |
|
Enaya |
16.02% |
15.87% |
(0.15%) |
30,000 |
|
Gulf General |
2.63% |
2.50% |
(0.13%) |
26,000 |
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