Foreign investors hiked stakes in 59 listed firms on May 13
Qualified foreign investors (QFIs) increased their stakes in 59 Tadawul-listed firms on Sunday, May 13, while 47 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group) and The Mediterranean and Gulf Insurance & Reinsurance Co. (MedGulf) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi Group by 0.40 percent, and in Al Hokair and MedGulf by 0.22 percent and 0.17 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Budget Saudi |
18.80% |
19.20% |
+0.40% |
284,667 |
Al Hokair Group |
2.65% |
2.87% |
+0.22% |
121,000 |
MedGulf |
10.57% |
10.74% |
+0.17% |
68,000 |
Malath |
21.00% |
21.16% |
+0.16% |
80,000 |
Astra |
16.25% |
16.35% |
+0.10% |
80,000 |
Meanwhile, Al Khaleej Training & Education Co. and Buruj Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.42 and 0.37 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Al Khaleej Training |
7.76% |
7.34% |
(0.42%) |
189,000 |
Buruj |
3.20% |
2.83% |
(0.37%) |
92,500 |
Trade Union |
1.49% |
1.21% |
(0.28%) |
77,000 |
Al Ahlia |
9.32% |
9.07% |
(0.25%) |
80,000 |
Tihama |
1.64% |
1.54% |
(0.10%) |
7,500 |
Market Indices
Quotes
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