Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Wednesday, Aug. 8, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Gulf Union Cooperative Insurance Co., Fawaz Abdulaziz Alhokair Co. (Alhokair) and Saudi Industrial Export Co. (SIECO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Gulf Union by 0.36 and Alhokair and SIECO by 0.28 percent and 0.13 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 |
|
Gulf union |
3.48% |
3.84% |
+0.36% |
54,000 |
|
Alhokair |
3.47% |
3.75% |
+0.28% |
588,000 |
|
SIECO |
1.68% |
1.81% |
+0.13% |
1,404 |
|
Enaya |
15.78% |
15.91% |
+0.13% |
13,000 |
|
Ashsharqiyah |
0.80% |
0.88% |
+0.08% |
6,000 |
Meanwhile, Salama Cooperative Insurance Co. and Saudia Dairy & Foodstuff Co. (SADAFCO) saw the highest stock sales by foreign investors, with QFIs offloading 0.24 percent and 0.20 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 |
|
Salama |
6.91% |
6.67% |
(0.24%) |
60,000 |
|
Anaam |
8.26% |
8.06% |
(0.20%) |
65,000 |
|
Wafa |
12.26% |
12.09% |
(0.17%) |
17,000 |
|
Enaya |
19.05% |
18.89% |
(0.16%) |
26,667 |
|
FIPCO |
5.98% |
5.85% |
(0.13%) |
89,960 |
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