Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Monday, May 7, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Al Khaleej Training & Education Co., Jazan Energy & Development Co. (JAZADCO) and National Gypsum Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Al Khaleej Training by 0.35 percent, JAZADCO by 0.26 percent and in National Gypsum by 0.25 percent.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Al Khaleej Training |
7.40% |
7.75% |
+0.35% |
157,500 |
JAZADCO |
0.68% |
0.94% |
+0.26% |
130,000 |
National Gypsum |
1.23% |
1.48% |
+0.25% |
79,167 |
Amana |
5.21% |
5.34% |
+0.13% |
18,200 |
Budget Saudi |
18.66% |
18.77% |
+0.11% |
78,283 |
Meanwhile, Saudi Indian Cooperative Insurance Co. (Wafa) and Saudi Vitrified Clay Pipes Co. (SVCP) saw the highest stock sales by foreign investors, with QFIs offloading 0.18 and 0.12 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 |
Wafa |
13.75% |
13.57% |
(0.18%) |
18,639 |
SVCP |
2.02% |
1.90% |
(0.12%) |
18,000 |
Thimar |
1.37% |
1.27% |
(0.10%) |
10,000 |
Zamil |
1.36% |
1.26% |
(0.10%) |
60,000 |
MEPCO |
1.49% |
1.40% |
(0.09%) |
45,000 |
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