Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Wednesday, May 16, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Alawwal Bank, Abdulmohsen Alhokair Group for Tourism and Development Co. (Alhokair Group) and Nama Chemicals Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alawwal by 0.34 percent, and in Alhokair Group and Nama Chemicals by 0.24 percent and 0.20 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 |
|
Alawwal |
40.76% |
41.10% |
+0.34% |
3,886,445 |
|
Alhokair Group |
3.08% |
3.32% |
+0.24% |
132,000 |
|
Nama Chemicals |
1.14% |
1.34% |
+0.20% |
47,040 |
|
Saudi Cable |
2.16% |
2.36% |
+0.20% |
80,823 |
|
SACO |
10.45% |
10.62% |
+0.17% |
40,800 |
Meanwhile, Arabian Shield Cooperative Insurance Co. and Al Hammadi Co. for Development and Investment saw the highest stock sales by foreign investors, with QFIs offloading 0.16 and 0.13 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 |
|
Arabian Shield |
6.20% |
6.04% |
(0.16%) |
32,000 |
|
Al Hammadi |
2.93% |
2.80% |
(0.13%) |
156,000 |
|
Buruj |
1.65% |
1.56% |
(0.09%) |
22,500 |
|
Saudi German Hospitals |
11.93% |
11.85% |
(0.08%) |
73,632 |
|
MEPCO |
1.43% |
1.37% |
(0.06%) |
30,000 |
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