Foreign investors hiked stakes in 59 listed firms last Thursday
Qualified foreign investors (QFIs) increased their stakes in 59 Tadawul-listed firms last Thursday, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), United International Transportation Co. Ltd. (Budget Saudi), and Tourism Enterprise Co. (Shams) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.5 percent, and in Budget Saudi and Shams by 0.41 and 0.13 percent respectively.
Top Five Stocks Where QFIs Increased Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Care |
7.89% |
8.39% |
+0.50% |
224,250 |
Budget Saudi |
11.50% |
11.91% |
+0.41% |
291,783 |
Shams |
2.36% |
2.49% |
+0.13% |
13,195 |
Gulf General |
2.01% |
2.14% |
+0.13% |
26,000 |
eXtra |
6.51% |
6.64% |
+0.13% |
54,600 |
Meanwhile, Malath Cooperative Insurance Co. and Al Hammadi Company for Development and Investment saw the highest stock sales by foreign investors, with QFIs offloading 0.25 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 |
20.48% |
20.23% |
(0.25%) |
125,000 |
Al Hammadi |
3.28% |
3.14% |
(0.14%) |
168,000 |
Buruj |
2.30% |
2.19% |
(0.11%) |
27,500 |
Tihama |
1.65% |
1.56% |
(0.09%) |
6,750 |
Salama |
11.63% |
11.58% |
(0.05%) |
12,500 |
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