Qualified foreign investors (QFIs) increased their stakes in 52 Tadawul-listed firms on Monday, June 4, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Alinma Bank, Abdulmohsen Alhokair Group for Tourism & Development Co. and Saudi Indian Cooperative Insurance Co. (Wafa) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alinma by 0.39 percent, and in Alhokair Group and Wafa by 0.27 percent and 0.23 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 |
|
Alinma |
3.86% |
4.25% |
+0.39% |
5,850,000 |
|
Alhokair Group |
3.27% |
3.54% |
+0.27% |
148,500 |
|
Wafa |
12.25% |
12.48% |
+0.23% |
23,817 |
|
Al Sorayai |
2.16% |
2.38% |
+0.22% |
49,500 |
|
SACO |
11.64% |
11.83% |
+0.19% |
45,600 |
Meanwhile, AXA Cooperative Insurance Co. and Al Khaleej Training and Education Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.44 and 0.41 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 |
|
AXA |
27.62% |
27.18% |
(0.44%) |
198,000 |
|
Al Khaleej Training |
7.50% |
7.09% |
(0.41%) |
184,500 |
|
Al Rajhi Takaful |
9.37% |
9.21% |
(0.16%) |
64,000 |
|
Al Othaim |
4.14% |
3.98% |
(0.16%) |
144,000 |
|
Al Hammadi |
2.12% |
2.00% |
(0.12%) |
144,000 |
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