Qualified foreign investors (QFIs) increased their stakes in 59 Tadawul-listed firms on Monday, Feb. 26, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Industrial Export Co. (SIECO) and Saudi Indian Company for Cooperative Insurance (Wafa Insurance) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SIECO by 0.22 percent, and in Wafa by 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 |
|
SIECO |
1.43% |
1.65% |
+0.22% |
2,376 |
|
Wafa |
13.23% |
13.41% |
+0.18% |
18,639 |
|
Budget Saudi |
14.62% |
14.74% |
+0.12% |
85,400 |
|
Alinma |
1.96% |
2.08% |
+0.12% |
1,800,000 |
|
Dar Al-Arkan |
2.24% |
2.35% |
+0.11% |
1,188,000 |
Meanwhile, Bupa Arabia for Cooperative Insurance, Malath Cooperative Insurance Co., and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.07 percent of their holdings in each.
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Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Bupa Arabia |
41.36% |
41.29% |
(0.07%) |
56,000 |
|
Malath |
18.82% |
18.75% |
(0.07%) |
35,000 |
|
Shams |
1.86% |
1.79% |
(0.07%) |
7,105 |
|
Nama |
1.80% |
1.74% |
(0.06%) |
14,112 |
|
Alhokair |
4.04% |
3.98% |
(0.06%) |
126,000 |
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