Qualified foreign investors (QFIs) increased their stakes in 48 Tadawul-listed firms last Wednesday, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Salama Cooperative Insurance Co., Buruj Cooperative Insurance Co., and Musharaka REIT were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Salama by 0.98 percent, and in Buruj and Musharaka REIT by 0.12 and 0.11 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 |
|
Salama |
9.82% |
10.80% |
+0.98% |
245,000 |
|
Buruj |
2.05% |
2.17% |
+0.12% |
30,000 |
|
Musharaka REIT |
0.50% |
0.61% |
+0.11% |
96,800 |
|
AXA |
22.17% |
22.26% |
+0.09% |
40,500 |
|
Al Rajhi Takaful |
9.14% |
9.22% |
+0.08% |
32,000 |
Meanwhile, Malath Cooperative Insurance Co. and Saudi Indian Company for Cooperative Insurance (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.32 percent and 0.17 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 |
20.80% |
20.48% |
(0.32%) |
160,000 |
|
Wafa |
12.68% |
12.51% |
(0.17%) |
17,604 |
|
Saudi Re |
2.42% |
2.34% |
(0.08%) |
64,800 |
|
Al Alamiya |
0.23% |
0.16% |
(0.07%) |
28,000 |
|
Bupa Arabia |
41.95% |
41.88% |
(0.07%) |
56,000 |
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