Qualified foreign investors (QFIs) increased their stakes in 37 Tadawul-listed firms on Sunday, May 20, while 56 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Company for Hardware (SACO), Al Sorayai Trading and Industrial Group Co. and Arabian Pipes Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SACO by 0.41 percent, and in Al Sorayai and Arabian Pipes by 0.17 percent and 0.06 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 |
|
SACO |
10.71% |
11.12% |
+0.41% |
98,400 |
|
Al Sorayai |
1.57% |
1.74% |
+0.17% |
38,250 |
|
Arabian Pipes |
1.33% |
1.39% |
+0.06% |
24,000 |
|
Al Khaleej Training |
7.48% |
7.54% |
+0.06% |
27,000 |
|
SARCO |
1.72% |
1.77% |
+0.05% |
7,500 |
Meanwhile, Buruj Cooperative Insurance Co. and Saudi Indian Cooperative Insurance Co. (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.23 and 0.19 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 |
1.29% |
1.06% |
(0.23%) |
57,500 |
|
Wafa |
13.03% |
12.84% |
(0.19%) |
19,675 |
|
Saudi Cable |
2.32% |
2.13% |
(0.19%) |
76,782 |
|
Anaam Holding |
0.92% |
0.74% |
(0.18%) |
35,280 |
|
Al Othaim |
4.48% |
4.33% |
(0.15%) |
135,000 |
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