Qualified foreign investors (QFIs) increased their stakes in 51 Tadawul-listed firms on Thursday, June 7, while 44 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), Middle East Healthcare Co. (Saudi German Hospital) and Gulf Union Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.23 percent, and in Saudi German Hospital and Gulf Union by 0.22 percent and 0.20 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 |
|
Budget Saudi |
19.90% |
20.13% |
+0.23% |
163,683 |
|
Saudi German Hospital |
11.67% |
11.89% |
+0.22% |
202,488 |
|
Gulf Union |
2.92% |
3.12% |
+0.20% |
30,000 |
|
ACIG |
0.65% |
0.79% |
+0.14% |
28,000 |
|
Al Hokair Group |
3.97% |
4.07% |
+0.10% |
55,000 |
Meanwhile, Wataniya Insurance Co. and Abdullah Al Othaim Markets Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.27 and 0.10 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 |
|
Wataniya |
11.27% |
11.00% |
(0.27%) |
54,000 |
|
Al Othaim |
3.91% |
3.81% |
(0.10%) |
90,000 |
|
Salama |
9.51% |
9.41% |
(0.10%) |
25,000 |
|
Saudi Cable |
2.15% |
2.08% |
(0.07%) |
28,288 |
|
Al Ahlia |
8.85% |
8.78% |
(0.07%) |
22,400 |
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