Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Monday, July 16, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Al Sorayai Trading & Industrial Group Co., Saudi Automotive Services Co. (SASCO) and Chubb Arabia Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in A Sorayai by 0.33 percent, and in SASCO and Chubb Arabia by 0.18 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 |
|
SASCO |
2.72% |
3.05% |
+0.33% |
74,250 |
|
SARCO |
1.66% |
1.84% |
+0.18% |
108,000 |
|
Aldrees |
32.38% |
32.50% |
+0.12% |
24,000 |
|
Thimar |
21.77% |
21.88% |
+0.11% |
55,000 |
|
FIPCO |
1.38% |
1.45% |
+0.07% |
756 |
Meanwhile, Saudi Cable Co. and Saudi Enaya Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.36 percent and 0.26 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 |
|
Cable |
2.12% |
1.76% |
(0.36%) |
145,481 |
|
Enaya |
16.08% |
15.82% |
(0.26%) |
26,000 |
|
Aldrees |
3.66% |
3.61% |
(0.05%) |
25,000 |
|
Aljazira |
5.30% |
5.25% |
(0.05%) |
410,000 |
|
Amana |
4.05% |
4.00% |
(0.05%) |
7,000 |
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