Qualified foreign investors (QFIs) increased their stakes in 39 Tadawul-listed firms on Tuesday, May 29, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Enaya Cooperative Insurance Co., Al-Babtain Power and Telecommunication Co. and Middle East Specialized Cable Co.’s (MESC) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Saudi Enaya by 0.08 percent, and in Al Babtain and MESC by 0.06 percent and 0.05 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 |
|
Saudi Enaya |
15.79% |
15.87% |
+0.08% |
16,000 |
|
Al-Babtain |
0.63% |
0.69% |
+0.06% |
25,579 |
|
MESC |
1.21% |
1.26% |
+0.05% |
30,000 |
|
eXtra |
11.56% |
11.61% |
+0.05% |
21,000 |
|
Alasmak |
0.57% |
0.61% |
+0.04% |
8,000 |
Meanwhile, United International Transportation Co. Ltd (Budget Saudi) and Al Ahlia for Cooperative insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.09 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 |
|
Al Ahlia |
19.67% |
19.57% |
(0.10%) |
71,167 |
|
Budget Saudi |
8.92% |
8.83% |
(0.09%) |
28,800 |
|
AXA |
27.77% |
27.69% |
(0.08%) |
36,000 |
|
Saudi Re |
2.21% |
2.13% |
(0.08%) |
64,800 |
|
SIECO |
1.62% |
1.55% |
(0.07%) |
756 |
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