Foreign investors hiked stakes in 54 listed firms on Sunday

Qualified foreign investors (QFIs) increased their stakes in 54 Tadawul-listed firms on Sunday, Aug. 12, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

Saudi Co. for Hardware (SACO), Mulkia Gulf Real Estate REIT, Salama Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.

Foreign investors raised their shareholdings in SACO by 0.19 and Mulkia REIT and Salama by 0.10 percent and 0.07 percent, respectively.

Top Five Stocks Where QFIs Increased Stakes
Company	Previous stake	Current stake	Variation	Number of shares
SACO	10.12%	10.31%	+0.19%	45,600
Mukia REIT	0.66%	0.76%	+0.10%	60,000
Salama	6.61%	6.68%	+0.07%	17,500
AXA	24.74%	24.81%	+0.07%	31,500
SIECO	1.52%	1.56%	+0.04%	432

Meanwhile, Middle East Specialized Cables Co. (MESC) and Middle East Healthcare Co. (Saudi German Hospitals) saw the highest stock sales by foreign investors, with QFIs offloading 0.20 percent and 0.17 percent of their holdings, respectively.

Top Five Stocks Where QFIs Offloaded Stakes
Company	Previous stake	Current stake	Variation	Number of shares
MESC	1.14%	0.94%	(0.20%)	120,000
Saudi German Hospitals	11.83%	11.66%	(0.17%)	156,468
Wafa	12.00%	11.85%	(0.15%)	15,000
Al Sorayai	2.93%	2.83%	(0.10%)	22,500
Al Khaleej Training	5.47%	5.40%	(0.07%)	31,500

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