Qualified foreign investors (QFIs) with shareholdings in Saudi-listed firms increased their stakes in 46 firms last Thursday, while 38 listed companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), Saudi Co. for Hardware (SACO) and Al Tayyar Travel Group Holding Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.72 percent, and in SACO and A Tayyar by 0.33 and 0.18 percent respectively.
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Top five stocks where QFIs increased stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Care |
5.07% |
5.79% |
+0.72% |
322,920 |
|
SACO |
7.09% |
7.42% |
+0.33% |
79,200 |
|
Al Tayyar |
7.51% |
7.69% |
+0.18% |
377,370 |
|
Al Khaleej Training |
5.55% |
5.65% |
+0.10% |
40,000 |
|
Dar Al-Arkan |
2.02% |
2.10% |
+0.08% |
864,000 |
Meanwhile, Abdullah A M Al-Khodari Sons Co. and Jazan Energy and Development Co. (JAZADCO) saw the highest stock sales by foreign investors, with QFIs offloading 0.07 percent and 0.06 percent of their holdings respectively.
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Top five stocks where QFIs offloaded stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Al-Khodari |
1.30% |
1.23% |
(0.07%) |
37,188 |
|
JAZADCO |
0.70% |
0.64% |
(0.06%) |
30,000 |
|
UCA |
1.47% |
1.41% |
(0.06%) |
29,400 |
|
Aljazira REIT |
2.66% |
2.60% |
(0.06%) |
7,080 |
|
Shams |
3.11% |
3.06% |
(0.05%) |
5,075 |
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