Qualified foreign investors (QFIs) increased their stakes in 95 Tadawul-listed firms on Thursday, April 19, while 38 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Al Sagr Cooperative Insurance Co., Walaa Cooperative Insurance Co. and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Al Sagr by 0.61 percent, in Walaa by 0.37 percent, and in SISCO by 0.23 percent.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Al Sagr |
1.21% |
1.82% |
+0.61% |
152,500 |
Walaa |
10.41% |
10.78% |
+0.37% |
148,000 |
SISCO |
2.29% |
2.52% |
+0.23% |
187,680 |
Al Khaleej Training |
6.48% |
6.66% |
+0.18% |
72,000 |
Malath |
20.48% |
20.63% |
+0.15% |
75,000 |
Meanwhile, Gulf General Cooperative Insurance Co. and Chubb Arabia Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.23 and 0.13 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 |
Gulf General |
3.40% |
3.17% |
(0.23%) |
46,000 |
Chubb Arabia |
32.45% |
32.32% |
(0.13%) |
26,000 |
AICC |
32.33% |
32.22% |
(0.11%) |
29,150 |
Budget Saudi |
18.83% |
18.73% |
(0.10%) |
71,167 |
Care |
14.32% |
14.22% |
(0.10%) |
44,850 |
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