Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Thursday, June 14, while 44 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Indian Cooperative Insurance Co. (Wafa Insurance), Al Tayyar Travel Group and United Wire Factories Co. (Aslak) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Wafa by 0.09 percent, and in Al Tayyar and Aslak by 0.08 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 |
|
Wafa |
12.58% |
12.67% |
+0.09% |
9,000 |
|
Al Tayyar |
11.65% |
11.73% |
+0.08% |
167,720 |
|
Aslak |
0.91% |
0.96% |
+0.05% |
21,937 |
|
Al Ahli Takaful |
19.66% |
19.70% |
+0.04% |
6,667 |
|
SIECO |
1.67% |
1.71% |
+0.04% |
432 |
Meanwhile, Al Sorayai Trading and Industrial Group Co. and Halwani Bros Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.08 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 Sorayai |
2.92% |
2.82% |
(0.10%) |
22,500 |
|
Halwani |
4.02% |
3.94% |
(0.08%) |
22,857 |
|
Aljazira |
5.91% |
5.83% |
(0.08%) |
656,000 |
|
Saudi Enaya |
15.82% |
15.76% |
(0.06%) |
6,000 |
|
eXtra |
12.35% |
12.29% |
(0.06%) |
25,200 |
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