Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Sunday, Feb. 25, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Arabia Refineries Co. (SARCO), Saudi Indian Company for Cooperative Insurance (Wafa) and Al Tayyar Travel Group were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SARCO by 0.37 percent, and in Wafa and Al Tayyar by 0.23 percent and 0.19 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 |
|
SARCO |
1.67% |
2.04% |
+0.37% |
55,500 |
|
Wafa |
13.00% |
13.23% |
+0.23% |
23,817 |
|
Al Tayyar |
9.86% |
10.05% |
+0.19% |
398,335 |
|
Budget Saudi |
14.55% |
14.62% |
+0.07% |
49,817 |
|
Al Hokair Group |
1.37% |
1.44% |
+0.07% |
38,500 |
Meanwhile, Saudi Industrial Export Co. (SIECO) and Ash-Sharqiyah Development Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.17 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 |
|
SIECO |
1.65% |
1.43% |
(0.22%) |
2,376 |
|
Ash-Sharqiyah |
0.99% |
0.82% |
(0.17%) |
12,750 |
|
Tihama |
1.70% |
1.59% |
(0.11%) |
8,250 |
|
FIPCO |
0.92% |
0.83% |
(0.09%) |
10,350 |
|
Amana |
5.48% |
5.41% |
(0.07%) |
9,800 |
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