Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Sunday, June 10, while 50 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United Electronics Co. (eXtra), Al Sorayai Trading and Industrial Group Co. and United International Transportation Co. Ltd. (Budget Saudi) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in eXtra by 0.68 percent, and in Al Sorayai and Budget Saudi by 0.35 percent and 0.11 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

eXtra

 11.65%

 12.33%

+0.68%

285,600

Al Sorayai

 2.27%

 2.62%

+0.35%

78,750

Budget Saudi

 20.13%

 20.24%

+0.11%

78,283

Saudi German Hospital

 11.89%

 11.99%

+0.10%

92,040

Alhokair Group

 4.07%

 4.13%

+0.06%

33,000

 

Meanwhile, Al Hammadi Company for Development & Investment and Fawaz Abdulaziz Alhokair Co.’s (Alhokair) saw the highest stock sales by foreign investors, with QFIs offloading 0.22 and 0.09 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Hammadi

 1.97%

 1.75%

(0.22%)

264,000

Alhokair

 3.56%

 3.47%

(0.09%)

189,000

Al Rajhi Takaful

 8.99%

 8.92%

(0.07%)

28,000

Arabian Shield

 6.01%

 5.95%

(0.06%)

18,000

Solidarity

 0.84%

 0.78%

(0.06%)

15,000

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