Qualified foreign investors (QFIs) increased their stakes in 61 Tadawul-listed firms on Wednesday, Feb. 7, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Middle East Paper Co. (MEPCO), United International Transportation Co. Ltd. (Budget Saudi), and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in MEPCO by 0.49 percent, and in Budget Saudi and SISCO by 0.41 and 0.30 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 |
|
MEPCO |
1.65% |
2.14% |
+0.49% |
245,000 |
|
Budget Saudi |
12.39% |
12.80% |
+0.41% |
291,783 |
|
SISCO |
0.78% |
1.08% |
+0.30% |
244,800 |
|
Chemanol |
2.84% |
3.10% |
+0.26% |
313,560 |
|
Alhokair |
4.14% |
4.31% |
+0.17% |
357,000 |
Meanwhile, Al Yamamah Steel Industries Co. and Abdullah A Othaim Markets Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.11 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 |
|
Al Yamamah Steel |
0.53% |
0.31% |
(0.22%) |
111,760 |
|
Al Othaim |
5.03% |
4.92% |
(0.11%) |
49,500 |
|
Tawuniya |
4.99% |
4.88% |
(0.11%) |
137,500 |
|
Saudi Re |
2.23% |
2.16% |
(0.07%) |
56,700 |
|
Gulf General |
2.02% |
1.96% |
(0.06%) |
12,000 |
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