Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Wednesday, Feb. 22, while 44 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), Al Tayyar Travel Group and Al Hammadi Company for Development and Investment were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.36 percent, and in Al Tayyar and Al Hammadi by 0.28 percent and 0.22 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 |
|
Budget Saudi |
14.19% |
14.55% |
+0.36% |
256,200 |
|
Al Tayyar |
9.58% |
9.86% |
+0.28% |
587,020 |
|
Al Hammadi |
2.96% |
3.18% |
+0.22% |
264,000 |
|
SIECO |
1.53% |
1.65% |
+0.12% |
1,296 |
|
Wafrah |
2.00% |
2.11% |
+0.11% |
22,000 |
Meanwhile, National Medical Care Co. (Care) and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.11 percent of their holdings in each.
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Top Five Stocks Where QFIs Offloaded Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Care |
9.94% |
9.83% |
(0.11%) |
49,335 |
|
Shams |
2.03% |
1.92% |
(0.11%) |
11,165 |
|
Herfy |
9.77% |
9.67% |
(0.10%) |
64,680 |
|
Wafa |
13.07% |
13.00% |
(0.07%) |
7,249 |
|
Aljazira |
8.05% |
7.99% |
(0.06%) |
312,000 |
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