Qualified foreign investors (QFIs) increased their stakes in 56 Tadawul-listed firms on Tuesday, June 5, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Abdulmohsen Alhokair Group for Tourism & Development Co. (Alhokair Group), United International Transportation Co. Ltd. (Budget Saudi) and Saudia Dairy and Foodstuff Co. (SADAFCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Alhokair Group by 0.31 percent, and in Budget Saudi and SADAFCO by 0.13 percent and 0.10 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 |
|
Alhokair Group |
3.54% |
3.85% |
+0.31% |
170,500 |
|
Budget Saudi |
19.61% |
19.74% |
+0.13% |
92,517 |
|
SADAFCO |
8.22% |
8.32% |
+0.10% |
32,500 |
|
SIECO |
1.55% |
1.62% |
+0.07% |
756 |
|
Dallah |
3.17% |
3.24% |
+0.07% |
41,300 |
Meanwhile, Al Ahli Takaful Co. and Al Khaleej Training and Education Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.39 and 0.32 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 Ahli Takaful |
20.77% |
20.38% |
(0.39%) |
65,000 |
|
Al Khaleej Training |
7.09% |
6.77% |
(0.32%) |
144,000 |
|
AXA |
27.18% |
26.88% |
(0.30%) |
135,000 |
|
Al Rajhi Takaful |
9.21% |
9.02% |
(0.19%) |
76,000 |
|
Al Sorayai |
2.38% |
2.24% |
(0.14%) |
31,500 |
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