Qualified foreign investors (QFIs) with shareholdings in Saudi-listed firms increased their stakes in 46 firms last Thursday, while 36 listed companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), Chubb Arabia Cooperative Insurance Co. and Al Ma’athar REIT were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in National Medical Care Co. (Care) by 0.21 percent, and in Chubb Arabia and Ma’athar REIT by 0.1 and 0.08 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 |
3.56% |
3.77% |
+0.21% |
94,185 |
|
Chubb Arabia |
32.12% |
32.22% |
+0.10% |
20,000 |
|
Al Ma’athar REIT |
1.47% |
1.55% |
+0.08% |
49,096 |
|
Salama |
8.16% |
8.24% |
+0.08% |
20,000 |
|
AICC |
32.24% |
32.32% |
+0.08% |
21,200 |
Meanwhile, Malath Cooperative Insurance and Herfy Food Services saw the highest stock sales by foreign investors, with QFIs offloading 0.33 percent and 0.19 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 |
|
Malath |
22.13% |
21.80% |
(0.33%) |
165,000 |
|
Herfy |
9.10% |
8.91% |
(0.19%) |
122,892 |
|
Advanced |
2.35% |
2.17% |
(0.18%) |
354,229 |
|
Al Ahlia |
9.55% |
9.40% |
(0.15%) |
48,000 |
|
Gulf General |
2.22% |
2.14% |
(0.08%) |
16,000 |
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