Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Sunday, July 1, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), Amana Cooperative Insurance Co. and Saudi Industrial Export Co. (SIECO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.29 percent, and in Amana and SIECO by 0.16 percent and 0.08 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Care |
15.65% |
15.94% |
+0.29% |
130,065 |
Amana |
4.80% |
4.96% |
+0.16% |
22,400 |
SIECO |
1.58% |
1.66% |
+0.08% |
864 |
Al Tayyar |
11.81% |
11.88% |
+0.07% |
146,755 |
Kayan |
2.65% |
2.72% |
+0.07% |
1,050,000 |
Meanwhile, Saudi Indian Cooperative Insurance Co. (Wafa Insurance) and Taleem REIT Fund saw the highest stock sales by foreign investors, with QFIs offloading 0.28 percent and 0.24 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Wafa |
11.91% |
11.63% |
(0.28%) |
28,000 |
Taleem REIT |
0.60% |
0.36% |
(0.24%) |
68,400 |
Alhokair |
3.33% |
3.14% |
(0.19%) |
399,000 |
Alujain |
5.53% |
5.37% |
(0.16%) |
110,720 |
Al Sorayai |
2.72% |
2.62% |
(0.10%) |
22,500 |
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