Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Tuesday, July 10, while 43 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Basic Chemical Industries Co. (BCI), Saudi Automated Services Co. (SASCO) and United Electronics Co. (eXtra) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in BCI by 0.30 percent, and in SASCO and eXtra by 0.23 percent, each.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
BCI |
2.74% |
3.04% |
+0.30% |
82,500 |
|
SASCO |
1.26% |
1.49% |
+0.23% |
138,000 |
|
eXtra |
11.01% |
11.24% |
+0.23% |
96,600 |
|
Al Sorayai |
2.41% |
2.59% |
+0.18% |
40,500 |
|
Care |
16.64% |
16.75% |
+0.11% |
49,335 |
Meanwhile, Riyad REIT and Al Sagr Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 1.32 percent and 0.28 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 |
|
Riyad REIT |
2.17% |
0.85% |
(1.32%) |
660,000 |
|
Al Sagr |
1.54% |
1.26% |
(0.28%) |
70,000 |
|
Salama |
9.43% |
9.19% |
(0.24%) |
60,000 |
|
Al Rajhi Takaful |
8.05% |
7.89% |
(0.16%) |
64,000 |
|
Budget Saudi |
20.14% |
20.04% |
(0.10%) |
71,167 |
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