Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Thursday, Feb. 8, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudia Dairy and Foodstuff Co. (SADAFCO), United International Transportation Co. Ltd. (Budget Saudi) and National Medical Care Co. (Care) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SADAFCO by 0.28 percent, and in Budget Saudi and Care by 0.23 and 0.19 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SADAFCO |
7.57% |
7.85% |
+0.28% |
91,000 |
Budget Saudi |
12.80% |
13.03% |
+0.23% |
163,683 |
Care |
8.58% |
8.77% |
+0.19% |
85,215 |
QACO |
0.97% |
1.12% |
+0.15% |
45,000 |
Herfy |
9.57% |
9.65% |
+0.08% |
51,744 |
Meanwhile, Al Ahlia for Cooperative Insurance Co. and Malath Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.27 percent and 0.22 percent of their holdings respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Al Ahlia |
9.66% |
9.39% |
(0.27%) |
86,400 |
Malath |
19.99% |
19.77% |
(0.22%) |
110,000 |
Saudi Re |
2.16% |
1.99% |
(0.17%) |
137,700 |
Alinma Tokio |
29.54% |
29.46% |
(0.08%) |
24,000 |
Alhokair |
4.31% |
4.23% |
(0.08%) |
168,000 |
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