Qualified foreign investors (QFIs) increased shareholdings in 52 Tadawul-listed firms last Sunday, while 40 companies saw foreign investors reducing stakes, market data compiled by Argaam showed.
Fawaz Abdulaziz Alhokair Co. (Alhokair), National Medical Care Co. (Care) and Buruj Cooperative Insurance Co. were the main firms that witnessed further purchases by foreign investors.
Foreign investors raised their shareholdings in Alhokair by 0.22 percent, and in Care and Buruj by 0.20 and 0.09 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 |
|
Alhokair |
3.53% |
3.75% |
+0.22% |
462,000 |
|
Care |
6.12% |
6.32% |
+0.20% |
89,700 |
|
Buruj |
2.25% |
2.34% |
+0.09% |
22,500 |
|
Al Rajhi |
3.81% |
3.89% |
+0.08% |
1,300,000 |
|
Budget |
10.74% |
10.80% |
+0.06% |
42,700 |
Saudi Indian Company for Cooperative Insurance (Wafa) and Gulf General Cooperative Insurance Co. (Gulf General) saw the largest sale by foreign investors, with QFIs offloading 0.15 percent and 0.10 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 |
|
Wafa |
12.51% |
12.36% |
(0.15%) |
15,533 |
|
Gulf General |
2.04% |
1.94% |
(0.10%) |
20,000 |
|
Amana |
5.13% |
5.04% |
(0.09%) |
12,600 |
|
Arabian Pipes |
0.87% |
0.79% |
(0.08%) |
32,000 |
|
SIECO |
1.59% |
1.52% |
(0.07%) |
756 |
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