Foreign investors hiked stakes in 47 listed firms on Feb. 28
Qualified foreign investors (QFIs) upped their stakes in 47 Tadawul-listed firms on Wednesday, Feb. 28, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Malath Cooperative Insurance and Reinsurance Co., Ash-Sharqiyah Development and Abdulmohsen Al Hokair Group for Tourism and Development Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Malath by 0.97 percent, and in Ash-Sharqiyah and Al Hokair Group by 0.09 percent each.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Malath |
18.76% |
19.73% |
+0.97% |
48,5000 |
Ash-Sharqiyah |
0.83% |
0.92% |
+0.09% |
6,750 |
Al Hokair Group |
1.48% |
1.57% |
+0.09% |
49,500 |
Wafa |
13.50% |
13.58% |
+0.08% |
8,284 |
Herfy |
9.63% |
9.70% |
+0.07% |
45,276 |
Meanwhile, United Electronics Co. (eXtra) and Al-Babtain Power &Telecommunication saw the highest stock sales by foreign investors, with QFIs offloading 0.20 percent of their holdings in each.
Top Five Stocks Where QFIs Offloaded Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
eXtra |
6.84% |
6.64% |
(0.20%) |
84,000 |
Al-Babtain |
1.74% |
1.54% |
(0.20%) |
85,263 |
SARCO |
2.07% |
1.98% |
(0.09%) |
13,500 |
SISCO |
1.09% |
1.01% |
(0.08%) |
65,280 |
Amana Insurance |
5.44% |
5.37% |
(0.07%) |
9,800 |
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