Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Thursday, May 17, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alawwal Bank, Tihama Advertising and Public Relations Co. and Saudi Company for Hardware (SACO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Alawwal by 0.40 percent, and in Tihama and SACO by 0.11 percent and 0.09 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alawwal

41.10%

41.50%

+0.40%

4,572,288

Tihama

1.60%

1.71%

+0.11%

8,250

SACO

10.62%

10.71%

+0.09%

21,600

Salama

9.42%

9.50%

+0.08%

20,000

Budget Saudi

19.43%

19.50%

+0.07%

49,817

 

Meanwhile, Buruj Cooperative Insurance Co. and Dar Al Arkan Real Estate Development Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.27 and 0.23 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Buruj

1.56%

1.29%

(0.27%)

67,500

Dar Al-Arkan

4.01%

3.78%

(0.23%)

2,484,000

eXtra

11.19%

11.09%

(0.10%)

42,000

Saudi Enaya

15.96%

15.86%

(0.10%)

20,000

Wafa

13.11%

13.03%

(0.08%)

8,284

 

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Quotes

Alawwal
19.58
0.28 1.45%
TAPRCO
15.34
0.22 1.46%
SALAMA
21.44
(0.28) (1.29%)
BUDGET SAUDI
74.00
(0.70) (0.94%)
BURUJ
18.56
(0.12) (0.64%)
DAR ALARKAN
16.80
0.08 0.48%
Wafa Insurance
9.50
(0.58) (5.75%)
EXTRA
96.00
(0.50) (0.52%)
ENAYA
13.66
0.18 1.34%
SACO
31.85
0.05 0.16%


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