Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Sunday, Feb. 18, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care) and Saudi Indian Comoany for Cooperative Insurance (Wafa), were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.32 percent and in Wafa and by 0.25 percent.
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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 |
8.76% |
9.08% |
+0.32% |
143,520 |
|
Wafa |
12.68% |
12.93% |
+0.25% |
25,888 |
|
SACO |
8.60% |
8.73% |
+0.13% |
31,200 |
|
Amana |
5.22% |
5.35% |
+0.13% |
18,200 |
|
eXtra |
6.73% |
6.84% |
+0.11% |
46,200 |
Meanwhile, Alujain Corporation and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.10 percent and 0.08 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 |
|
Alujain |
6.92% |
6.82% |
(0.10%) |
69,200 |
|
Shams |
2.36% |
2.28% |
(0.08%) |
8,120 |
|
NADEC |
1.18% |
1.11% |
(0.07%) |
59,290 |
|
Tawuniya |
4.70% |
4.64% |
(0.06%) |
75,000 |
|
Alinma |
1.91% |
1.86% |
(0.05%) |
750,000 |
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