Qualified foreign investors (QFIs) increased their stakes in 49 Tadawul-listed firms on Tuesday, May 22, while 53 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Malath Cooperative Insurance Co., Saudi Arabia Refineries Co. (SARCO) and Trade Union Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Malath by 0.14 percent, and in SARCO and Trade Union by 0.06 percent, each.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Malath |
21.65% |
21.79% |
+0.14% |
70,000 |
|
SARCO |
1.76% |
1.82% |
+0.06% |
9,000 |
|
Trade Union |
1.06% |
1.12% |
+0.06% |
16,500 |
|
Arriyadh Development |
0.47% |
0.53% |
+0.06% |
80,000 |
|
Arabian Shield |
5.96% |
6.02% |
+0.06% |
12,000 |
Meanwhile, National Agriculture Marketing Co. (Thimar) and Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent of their holdings, in each.
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Top Five Stocks Where QFIs Offloaded Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Thimar |
1.43% |
1.26% |
(0.17%) |
17,000 |
|
Al Rajhi Takaful |
9.78% |
9.61% |
(0.17%) |
68,000 |
|
Al Tayyar |
11.48% |
11.35% |
(0.13%) |
272,545 |
|
eXtra |
11.05% |
10.95% |
(0.10%) |
42,000 |
|
Al Othaim |
4.30% |
4.23% |
(0.07%) |
63,000 |
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