Qualified foreign investors (QFIs) increased their stakes in 31 Tadawul-listed firms on Monday, Aug. 13, while 71 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Indian Cooperative Insurance Co. (Wafa Insurance), Methanol Chemicals Co. (Chemanol) and Arabian Pipes Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Wafa by 0.10 and Chemanol and Arabian Pipes by 0.08 percent and 0.06 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 |
|
Wafa |
11.85% |
11.95% |
+0.10% |
10,000 |
|
Chemanol |
1.40% |
1.48% |
+0.08% |
96,480 |
|
Arabian Pipes |
1.64% |
1.70% |
+0.06% |
24,000 |
|
SIECO |
1.56% |
1.61% |
+0.05% |
540 |
|
Saudi German Hospitals |
11.66% |
11.71% |
+0.05% |
46,020 |
Meanwhile, Malath Cooperative Insurance Co. and Al Tayyar Travel Group saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent and 0.16 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 |
21.67% |
21.50% |
(0.17%) |
85,000 |
|
Al Tayyar |
11.74% |
11.58% |
(0.16%) |
335,440 |
|
SADAFCO |
7.91% |
7.75% |
(0.16%) |
52,000 |
|
Najran Cement |
0.49% |
0.37% |
(0.12%) |
204,000 |
|
Wataniya |
10.56% |
10.44% |
(0.12%) |
24,000 |
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