Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Thursday, May 17, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Alawwal Bank, Tihama Advertising and Public Relations Co. and Saudi Company for Hardware (SACO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alawwal by 0.40 percent, and in Tihama and SACO by 0.11 percent and 0.09 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 |
|
Alawwal |
41.10% |
41.50% |
+0.40% |
4,572,288 |
|
Tihama |
1.60% |
1.71% |
+0.11% |
8,250 |
|
SACO |
10.62% |
10.71% |
+0.09% |
21,600 |
|
Salama |
9.42% |
9.50% |
+0.08% |
20,000 |
|
Budget Saudi |
19.43% |
19.50% |
+0.07% |
49,817 |
Meanwhile, Buruj Cooperative Insurance Co. and Dar Al Arkan Real Estate Development Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.27 and 0.23 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 |
|
Buruj |
1.56% |
1.29% |
(0.27%) |
67,500 |
|
Dar Al-Arkan |
4.01% |
3.78% |
(0.23%) |
2,484,000 |
|
eXtra |
11.19% |
11.09% |
(0.10%) |
42,000 |
|
Saudi Enaya |
15.96% |
15.86% |
(0.10%) |
20,000 |
|
Wafa |
13.11% |
13.03% |
(0.08%) |
8,284 |
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