Qualified foreign investors (QFIs) increased their stakes in 43 Tadawul-listed firms on Thursday, July 26, while 60 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Hail Cement Co., Tabuk Cement Co. and Saudi Kayan Petrochemical Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Hail Cement by 0.32 percent, and in Tabuk Cement and Kayan by 0.21 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 |
|
Hail Cement |
0.68% |
1.00% |
+0.32% |
313,280 |
|
Tabuk Cement |
1.24% |
1.45% |
+0.21% |
189,000 |
|
Kayan |
3.01% |
3.21% |
+0.20% |
3,000,000 |
|
Wafa |
12.19% |
12.27% |
+0.08% |
8,000 |
|
SIDC |
1.18% |
1.25% |
+0.07% |
28,000 |
Meanwhile, Saudi Co. for Hardware (SACO) and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.87 percent and 0.32 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 |
|
SACO |
12.14% |
11.27% |
(0.87%) |
208,800 |
|
AXA |
25.16% |
24.84% |
(0.32%) |
144,000 |
|
Salama |
7.96% |
7.67% |
(0.29%) |
72,500 |
|
SISCO |
2.31% |
2.09% |
(0.22%) |
179,520 |
|
Takaful Al Rajhi |
7.50% |
7.28% |
(0.22%) |
88,000 |
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