Foreign investors hiked stakes in 56 listed firms on Monday July 2

Qualified foreign investors (QFIs) increased their stakes in 56 Tadawul-listed firms on Monday, July 2, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

Mulkia REIT Fund, Aldrees Petroleum & Transport Services Co. and Ash-Sharqiyah Development Co. were the top companies seeing further purchases by foreign investors.

Foreign investors raised their shareholdings in Mulkia REIT by 0.19 percent, and in Aldrees and Ash-Sharqiyah by 0.14 percent and 0.13 percent, respectively.

Top Five Stocks Where QFIs Increased Stakes
Company	Previous stake	Current stake	Variation	Number of shares
Mulkia REIT	0.49%	0.68%	+0.19%	114,000
Aldrees	1.96%	2.10%	+0.14%	70,000
Ash-Shaqrqiyah	0.71%	0.84%	+0.13%	9,750
Kayan	2.72%	2.81%	+0.09%	1,350,000
Thimar	1.37%	1.45%	+0.08%	8,000

Meanwhile, Malath Cooperative Insurance Co. and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.33 percent and 0.24 percent of their holdings, respectively.

Top Five Stocks Where QFIs Offloaded Stakes
Company	Previous stake	Current stake	Variation	Number of shares
Malath	21.86%	21.53%	(0.33%)	165,000
Amana	4.96%	4.72%	(0.24%)	33,600
Enaya	15.91%	15.74%	(0.17%)	17,000
Tihama	1.82%	1.72%	(0.10%)	7,500
Musharaka REIT	0.37%	0.29%	(0.08%)	70,400

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