Foreign investors hiked stakes in 40 listed firms last Wednesday
Qualified foreign investors (QFIs) holding shareholdings in Saudi listed firms increased their stakes in 40 firms last Wednesday, while 38 listed companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Salama Cooperative Insurance, Budget Saudi and Walaa Cooperative Insurance were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Salama Cooperative Insurance Co. by 0.22 percent, and in Budget Saudi and Walaa Cooperative Insurance by 0.14 and 0.11 percent respectively.
Top five stocks where QFIs increased stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Salama |
7.94% |
8.16% |
+0.22% |
55,000 |
Budget |
10.07% |
10.21% |
+0.14% |
99,633 |
Walaa |
12.47% |
12.58% |
+0.11% |
44,000 |
Dar Al-Arkan |
1.92% |
2.01% |
+0.09% |
972,000 |
Amana |
5.08% |
5.16% |
+0.08% |
11,200 |
Meanwhile, Malath Cooperative Insurance and Herfy Food Services saw the highest stock sales by foreign investors, where QFIs offloaded 0.49 percent and 0.14 percent of their holdings respectively.
Top five stocks where QFIs offloaded stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Malath |
22.62% |
22.13% |
(0.49%) |
245,000 |
Herfy |
9.24% |
9.10% |
(0.14%) |
90,552 |
Bupa |
41.78% |
41.69% |
(0.09%) |
72,000 |
Al Tayyar |
7.50% |
7.42% |
(0.08%) |
167,720 |
Adanced |
2.42% |
2.35% |
(0.07%) |
137,756 |
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