Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Sunday, April 15, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Basic Chemical industries Co. (BCI), Astra Industrial Group and Gulf Union Cooperative Insurance Co. were the top companies that saw further purchases by foreign investors.
Foreign investors raised their shareholdings in BCI by 0.61 percent, in Astra by 0.29 percent, and in Gulf Union by 0.17 percent.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
BCI |
1.77% |
2.38% |
+0.61% |
167,750 |
|
Astra |
15.83% |
16.12% |
+0.29% |
232,000 |
|
Gulf Union |
2.18% |
2.35% |
+0.17% |
25,500 |
|
Wafa |
13.48% |
13.63% |
+0.15% |
15,533 |
|
Gulf General |
3.09% |
3.21% |
+0.12% |
24,000 |
Meanwhile, Tihama Advertising and Public Relation Co. and Methanol Chemicals Co. (Chemanol) saw the highest stock sales by foreign investors, with QFIs offloading 0.12 and 0.11 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 |
|
Tihama |
1.73% |
1.61% |
(0.12%) |
9,000 |
|
Chemanol |
1.74% |
1.63% |
(0.11%) |
132,660 |
|
Budget Saudi |
18.48% |
18.38% |
(0.10%) |
71,167 |
|
Aljazira REIT |
2.80% |
2.71% |
(0.09%) |
10,620 |
|
City Cement |
1.16% |
1.08% |
(0.08%) |
151,360 |
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