Qualified foreign investors (QFIs) increased their stakes in 77 Tadawul-listed firms last Wednesday, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), United International Transportation Co. Ltd. (Budget Saudi) and Dallah Healthcare Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.64 percent; and in Budget Saudi and Dallah by 0.30 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 |
7.25% |
7.89% |
+0.64% |
287,040 |
|
Budget Saudi |
11.20% |
11.50% |
+0.30% |
213,500 |
|
Dallah |
4.06% |
4.24% |
+0.18% |
106,200 |
|
Farm Superstores |
0.34% |
0.52% |
+0.18% |
81,000 |
|
Saudi German Hospitals |
10.86% |
11.01% |
+0.15% |
138,060 |
Meanwhile, Malath Cooperative Insurance Co. and The Company for Cooperative Insurance (Tawuniya) saw the highest stock sales by foreign investors, with QFIs offloading 0.25 percent and 0.24 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 |
20.73% |
20.48% |
(0.25%) |
125,000 |
|
Tawuniya |
5.49% |
5.25% |
(0.24%) |
300,000 |
|
Chemanol |
2.89% |
2.76% |
(0.13%) |
156,780 |
|
Shams |
2.46% |
2.36% |
(0.10%) |
10,150 |
|
Alasmak |
0.64% |
0.57% |
(0.07%) |
14,000 |
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