Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Monday, July 9, while 31 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Aldrees & Transport Services Co., Al Ahlia for Cooperative Insurance Co. and Saudi Automated Services Co. (SASCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Aldrees by 0.30 percent, and in Al Ahlia and SASCO by 0.27 percent and 0.17 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Aldrees |
2.92% |
3.22% |
+0.30% |
150,000 |
Al Ahlia |
8.69% |
8.96% |
+0.27% |
86,400 |
SASCO |
1.09% |
1.26% |
+0.17% |
102,000 |
Sadafco |
8.67% |
8.78% |
+0.11% |
35,750 |
Enaya |
15.83% |
15.94% |
+0.11% |
11,000 |
Meanwhile, Al Rajhi Company for Cooperative Insurance and Al Sagr Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.17 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 |
Al Rajhi Takaful |
8.27% |
8.05% |
(0.22%) |
88,000 |
Al Sagr |
1.71% |
1.54% |
(0.17%) |
42,500 |
Saudi Paper |
1.75% |
1.63% |
(0.12%) |
54,000 |
Zamil |
1.15% |
1.04% |
(0.11%) |
66,000 |
Al Ahli Takaful |
19.73% |
19.63% |
(0.10%) |
16,667 |
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