Qualified foreign investors (QFIs) increased their stakes in 69 Tadawul-listed firms on Sunday, May 6, while 29 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
AXA Cooperative Insurance Co., Al Khaleej Training & Education Co. and United International Transportation Co. Ltd. (Budget Saudi) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in AXA by 0.14 percent, and in Al Khaleej Training and Budget Saudi by 0.13 percent and 0.12 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 |
|
AXA |
27.49% |
27.63% |
+0.14% |
63,000 |
|
Al Khaleej Training |
7.27% |
7.40% |
+0.13% |
58,500 |
|
Budget Saudi |
18.54% |
18.66% |
+0.12% |
85,400 |
|
Tihama |
1.61% |
1.72% |
+0.11% |
8,250 |
|
SVCP |
1.92% |
2.02% |
+0.10% |
15,000 |
Meanwhile, Filing & Packaging Co. (FIPCO) and Saudi Steel Pipe Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.11 and 0.10 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 |
|
FIPCO |
0.96% |
0.85% |
(0.11%) |
12,650 |
|
Steel Pipe |
16.66% |
16.56% |
(0.10%) |
51,000 |
|
Walaa |
9.73% |
9.66% |
(0.07%) |
28,000 |
|
Thimar |
1.43% |
1.37% |
(0.06%) |
6,000 |
|
Gulf General |
2.69% |
2.64% |
(0.05%) |
10,000 |
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