Qualified foreign investors (QFIs) increased their stakes in 43 Tadawul-listed firms on Wednesday, May 9, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Alujain Corporation, Bupa Arabia for Cooperative Insurance Co. and Tourism Enterprise Co. (Shams) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alujain by 0.13 percent, and in Bupa Arabia and Shams by 0.09 percent and 0.07 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Alujain |
5.65% |
5.78% |
+0.13% |
89,960 |
Bupa Arabia |
44.28% |
44.37% |
+0.09% |
72,000 |
Shams |
1.43% |
1.50% |
+0.07% |
7,105 |
eXtra |
11.35% |
11.40% |
+0.05% |
21,000 |
SACO |
10.09% |
10.14% |
+0.05% |
12,000 |
Meanwhile, Malath Cooperative Insurance Co. and Saudi Indian Cooperative Insurance Co. (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.30 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 |
Malath |
21.56% |
21.26% |
(0.30%) |
150,000 |
Wafa |
13.38% |
13.12% |
(0.26%) |
26,923 |
SADAFCO |
8.46% |
8.24% |
(0.22%) |
71,500 |
SVCP |
1.35% |
1.19% |
(0.16%) |
24,000 |
Al Tayyar |
11.65% |
11.50% |
(0.15%) |
314,475 |
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