Qualified foreign investors (QFIs) increased their stakes in 78 Tadawul-listed firms on Tuesday, April 17, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Industrial Services Co. (SISCO), United International Transportation Co. Ltd. (Budget Saudi) and Tourism Enterprise Co. (Shams) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SISCO by 0.45 percent, in Budget Saudi by 0.29 percent, and in Shams by 0.27 percent.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SISCO |
1.61% |
2.06% |
+0.45% |
367,200 |
Budget Saudi |
18.45% |
18.74% |
+0.29% |
206,383 |
Shams |
1.29% |
1.56% |
+0.27% |
27,405 |
SVCP |
1.91% |
2.05% |
+0.14% |
21,000 |
Al Tayyar |
11.14% |
11.25% |
+0.11% |
230,615 |
Meanwhile, Alujain Corporation and Ash-Sharqiyah Development Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.36 and 0.26 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Alujain |
6.03% |
5.67% |
(0.36%) |
249,120 |
Ash-Sharqiyah |
1.10% |
0.84% |
(0.26%) |
19,500 |
Aljazira REIT |
2.70% |
2.48% |
(0.22%) |
25,960 |
ACIG |
1.17% |
1.00% |
(0.17%) |
34,000 |
Al Babtain |
0.57% |
0.41% |
(0.16%) |
68,210 |
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