Qualified foreign investors (QFIs) increased their stakes in 46 Tadawul-listed firms on Monday, Feb. 5, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Wataniya Insurance Co., Saudi Indian Co. for Cooperative Insurance (Wafa),and United Electronics Co. (eXtra) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Wataniya by 0.84percent, and in Wafa and eXtra by 0.14 percent each.
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Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Wataniya |
11.85% |
12.69% |
+0.84% |
168,000 |
|
Wafa |
12.56% |
12.70% |
+0.14% |
14,497 |
|
eXtra |
6.73% |
6.87% |
+0.14% |
58,800 |
|
Budget Saudi |
12.01% |
12.12% |
+0.11% |
78,283 |
|
Anaam Holding |
1.14% |
1.25% |
+0.11% |
21,560 |
Meanwhile, The Company for Cooperative Insurance (Tawuniya) and Advanced Petrochemical Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.15 percent and 0.14 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 |
|
Tawuniya |
5.18% |
5.03% |
(0.15%) |
187,500 |
|
Advanced |
2.20% |
2.06% |
(0.14%) |
275,512 |
|
JAZADCO |
0.64% |
0.56% |
(0.08%) |
40,000 |
|
Shams |
2.46% |
2.39% |
(0.07%) |
7,105 |
|
MEDGULF |
10.58% |
10.52% |
(0.06%) |
24,000 |
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