Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms last Thursday, while 43 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Methanol Chemicals Co. (Chemanol), Salama Cooperative Insurance Co. and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Chemanol by 1.19 percent, and in Salama and Malath by 1.05 and 0.3 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 |
|
Chemanol |
1.68% |
2.87% |
+1.19% |
1,435,140 |
|
Salama |
10.80% |
11.85% |
+1.05% |
262,500 |
|
Malath |
20.48% |
20.78% |
+0.30% |
150,000 |
|
Al Rajhi |
3.73% |
3.81% |
+0.08% |
1,300,000 |
|
Buruj |
2.17% |
2.25% |
+0.08% |
20,000 |
Meanwhile, Alujain Corporation and Al Babtain Power & Telecommunications Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.56 percent and 0.23 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 |
|
Alujain |
8.40% |
7.84% |
(0.56%) |
387,520 |
|
Al Babtain |
2.33% |
2.10% |
(0.23%) |
98,052 |
|
Al Jouf Cement |
1.73% |
1.58% |
(0.15%) |
214,500 |
|
Saudi German Hospitals |
10.93% |
10.84% |
(0.09%) |
82,836 |
|
Bank Aljazira |
8.11% |
8.03% |
(0.08%) |
416,000 |
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