Foreign investors hiked stakes in 76 listed firms last Tuesday

Qualified foreign investors (QFIs) increased their stakes in 76 Tadawul-listed firms on Tuesday, April 10, while 34 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

United Electronics Co. (eXtra), Saudi Industrial Services Co. (SISCO) and Arabian Pipes Co. were the top companies seeing further purchases by foreign investors.

Foreign investors raised their shareholdings in eXtra by 0.18 percent, and in SISCO and Arabian Pipes by 0.10 percent each.

Top Five Stocks Where QFIs Increased Stakes
Company	Previous stake	Current stake	Variation	Number of shares
eXtra	9.78%	9.96%	+0.18%	75,600
SISCO	1.07%	1.17%	+0.10%	81,600
Arabian Pipes	1.45%	1.55%	+0.10%	40,000
Al Ahli Takaful	20.69%	20.78%	+0.09%	15,000
Al Khaleej Training	6.14%	6.23%	+0.09%	36,000

Meanwhile, Ash-Sharqiyah Development Co. and Saudi Cable Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.24 and 0.13 percent of their holdings, respectively.

Top Five Stocks Where QFIs Offloaded Stakes
Company	Previous stake	Current stake	Variation	Number of shares
Ash-Sharqiyah	0.95%	0.71%	(0.24%)	18,000
Cable	2.52%	2.39%	(0.13%)	52,535
Aljazira REIT	2.76%	2.67%	(0.09%)	10,620
SIIG	3.26%	3.18%	(0.08%)	360,000
Astra	15.94%	15.88%	(0.06%)	48,000

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