Foreign investors hiked stakes in 49 listed firms last Tuesday

Qualified foreign investors (QFIs) increased their stakes in 49 Tadawul-listed firms on Tuesday, May 22, while 53 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

Malath Cooperative Insurance Co., Saudi Arabia Refineries Co. (SARCO) and Trade Union Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.

Foreign investors raised their shareholdings in Malath by 0.14 percent, and in SARCO and Trade Union by 0.06 percent, each.

Top Five Stocks Where QFIs Increased Stakes
Company	Previous stake	Current stake	Variation	Number of shares
Malath	21.65%	21.79%	+0.14%	70,000
SARCO	1.76%	1.82%	+0.06%	9,000
Trade Union	1.06%	1.12%	+0.06%	16,500
Arriyadh Development	0.47%	0.53%	+0.06%	80,000
Arabian Shield	5.96%	6.02%	+0.06%	12,000

Meanwhile, National Agriculture Marketing Co. (Thimar) and Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent of their holdings, in each.

Top Five Stocks Where QFIs Offloaded Stakes
Company	Previous stake	Current stake	Variation	Number of shares
Thimar	1.43%	1.26%	(0.17%)	17,000
Al Rajhi Takaful	9.78%	9.61%	(0.17%)	68,000
Al Tayyar	11.48%	11.35%	(0.13%)	272,545
eXtra	11.05%	10.95%	(0.10%)	42,000
Al Othaim	4.30%	4.23%	(0.07%)	63,000

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