Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Monday, June 11, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care (Care), Al Sorayai Trading and Middle East Paper Co. (MEPCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.28 percent, and in Al Sorayai and MEPCO by 0.20 percent and 0.10 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 |
|
Care |
15.16% |
15.44% |
+0.28% |
125,580 |
|
Al Sorayai |
2.62% |
2.82% |
+0.20% |
45,000 |
|
MEPCO |
1.38% |
1.48% |
+0.10% |
50,000 |
|
SIDC |
1.13% |
1.20% |
+0.07% |
28,000 |
|
Al Khodari |
1.81% |
1.88% |
+0.07% |
37,188 |
Meanwhile, Jazan Energy and Development Co.’s (JAZADCO) and Al Ahli Takaful Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.28 and 0.19 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 |
|
JAZADCO |
0.99% |
0.71% |
(0.28%) |
140,000 |
|
Al Ahli Takaful |
19.95% |
19.76% |
(0.19%) |
31,667 |
|
Aljazira |
1.69% |
1.54% |
(0.15%) |
17,700 |
|
AXA |
26.52% |
26.39% |
(0.13%) |
58,500 |
|
Al Rajhi Takaful |
8.92% |
8.80% |
(0.12%) |
48,000 |
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