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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Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0016.5016.7517.0017.2517.5017.75
Close : 16.72 | Apr 9, 15:20

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Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0016.5016.7517.0017.2517.5017.75
Close : 16.72 | Apr 9, 15:20


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