Foreign investors hiked stakes in 67 listed firms last Tuesday

Qualified foreign investors (QFIs) increased their stakes in 67 Tadawul-listed firms on Tuesday, May 15, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

Saudi Company for Hardware (SACO), Taleem REIT Fund and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.

Foreign investors raised their shareholdings in SACO by 0.15 percent, and in Taleem REIT and Malath by 0.13 percent and 0.10 percent, respectively.

Top Five Stocks Where QFIs Increased Stakes
Company	Previous stake	Current stake	Variation	Number of shares
SACO	10.30%	10.45%	+0.15%	36,000
Taleem REIT	0.43%	0.56%	+0.13%	37,050
Malath	21.58%	21.68%	+0.10%	50,000
Trade Union	1.10%	1.19%	+0.09%	24,750
National Gypsum	1.54%	1.61%	+0.07%	22,167

Meanwhile, Buruj Cooperative Insurance Co. and Al Sorayai Trading and Industrial Group Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.20 and 0.14 percent of their holdings, respectively.

Top Five Stocks Where QFIs Offloaded Stakes
Company	Previous stake	Current stake	Variation	Number of shares
Buruj	1.85%	1.65%	(0.20%)	50,000
Al Sorayai	1.61%	1.47%	(0.14%)	31,500
Al Ahlia	9.09%	8.97%	(0.12%)	38,400
Amana	5.21%	5.12%	(0.09%)	12,600
MedGulf	10.71%	10.65%	(0.06%)	24,000

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