Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Monday, July 30, while 50 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Industrial Export Co. (SIECO), Hail Cement Co. and Filing & Packaging Materials Manufacturing Co. (FIPCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SIECO by 0.14 percent, and in Hail Cement and FIPCO by 0.11 percent and 0.09 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SIECO |
1.62% |
1.76% |
+0.14% |
1,512 |
Hail Cement |
1.08% |
1.19% |
+0.11% |
107,690 |
FIPCO |
0.92% |
1.01% |
+0.09% |
10,350 |
Solidarity |
0.86% |
0.93% |
+0.07% |
17,500 |
SIIG |
3.66% |
3.70% |
+0.04% |
180,000 |
Meanwhile, Saudi Industrial Services Co. (SISCO) and Saudi Co. for Hardware (SACO) saw the highest stock sales by foreign investors, with QFIs offloading 0.74 percent and 0.41 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 |
SISCO |
1.30% |
0.56% |
(0.74%) |
603,840 |
SACO |
10.96% |
10.55% |
(0.41%) |
98,400 |
Dallah |
3.40% |
3.22% |
(0.18%) |
106,200 |
Thimar |
1.53% |
1.45% |
(0.08%) |
8,000 |
Al Ahlia |
9.16% |
9.09% |
(0.07%) |
22,400 |
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