Qualified foreign investors (QFIs) increased their stakes in 52 Tadawul-listed firms on Monday, May 21, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Anaam International Holding Group Co. (Anaam Holding), AlBaha Investment & Development Co. (AlBaha) and Saudi Paper Manufacturing Co. (SPM) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Anaam Holding by 0.17 percent, and in AlBaha and Paper Manufacturing by 0.12 percent and 0.11 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 |
|
Anaam Holding |
0.74% |
0.91% |
+0.17% |
33,320 |
|
AlBaha |
1.27% |
1.39% |
+0.12% |
18,000 |
|
Paper Manufacturing |
1.65% |
1.76% |
+0.11% |
49,500 |
|
Budget Saudi |
19.54% |
19.61% |
+0.07% |
49,817 |
|
Al Sorayai |
1.74% |
1.80% |
+0.06% |
13,500 |
Meanwhile, Herfy Food Services Co. and Buruj Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.33 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 |
|
Herfy |
8.11% |
7.78% |
(0.33%) |
213,444 |
|
Buruj |
1.06% |
0.83% |
(0.23%) |
57,500 |
|
Nama |
1.37% |
1.21% |
(0.16%) |
37,632 |
|
Al Khodari |
1.82% |
1.74% |
(0.08%) |
42,500 |
|
SABB Takaful |
1.22% |
1.14% |
(0.08%) |
27,200 |
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