Qualified foreign investors (QFIs) increased their stakes in 82 Tadawul-listed firms on Thursday, May 31, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Al Tayyar Travel Group, Alujain Corporation and United International Transportation Co. Ltd (Budget Saudi) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Al Tayyar by 0.27 percent, and in Alujain and Budget Saudi by 0.19 percent and 0.14 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 |
|
Al Tayyar |
11.22% |
11.49% |
+0.27% |
566,055 |
|
Alujain |
5.41% |
5.60% |
+0.19% |
131,480 |
|
Budget Saudi |
19.73% |
19.87% |
+0.14% |
99,633 |
|
Malath |
22.12% |
22.23% |
+0.11% |
55,000 |
|
Savola |
4.69% |
4.76% |
+0.07% |
373,786 |
Meanwhile, Middle East Paper Co. (MEPCO) and Al Hammadi Company for Development & Investment saw the highest stock sales by foreign investors, with QFIs offloading 0.15 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 |
|
MEPCO |
1.45% |
1.30% |
(0.15%) |
75,000 |
|
Al Hammadi |
2.28% |
2.13% |
(0.15%) |
180,000 |
|
Al Wataniya |
11.58% |
11.43% |
(0.15%) |
30,000 |
|
Care |
15.23% |
15.12% |
(0.11%) |
49,335 |
|
Alhokair Group |
3.43% |
3.33% |
(0.10%) |
55,000 |
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