Qualified foreign investors (QFIs) holding shareholdings in Saudi-listed firms increased their stakes in 56 firms on Monday, while 48 listed companies saw foreign investors cut stakes, market data compiled by Argaam showed.
National Medical care Co. (Care), Budget Saudi, and Buruj Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.51 percent, and in Budget Saudi and Buruj by 0.23 and 0.21 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 |
|
Care |
4.08% |
4.59% |
+0.51% |
228,735 |
|
Budget |
10.33% |
10.56% |
+0.23% |
163,683 |
|
Buruj |
1.59% |
1.80% |
+0.21% |
52,500 |
|
Saudi Re |
2.20% |
2.37% |
+0.17% |
137,700 |
|
Adanced |
2.04% |
2.16% |
+0.12% |
236,153 |
Meanwhile, Malath Cooperative Insurance and Aldrees Petroleum and Transport Services saw the highest stock sales by foreign investors, with QFIs offloading 0.3 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 |
21.89% |
21.59% |
(0.30%) |
150,000 |
|
Aldrees |
3.50% |
3.33% |
(0.17%) |
85,000 |
|
Astra |
16.11% |
15.95% |
(0.16%) |
128,000 |
|
Salama |
8.17% |
8.05% |
(0.12%) |
30,000 |
|
Arabian Pipes |
1.01% |
0.94% |
(0.07%) |
28,000 |
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