Qualified foreign investors (QFIs) increased their stakes in 37 Tadawul-listed firms on Wednesday, Feb. 14, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
AXA Cooperative Insurance Co., Rabigh Refining and Petrochemical Co. (Petro Rabigh) and Middle East Healthcare Co. (Saudi German Hospital) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in AXA by 0.62 percent, and in Petro Rabigh and Saudi German Hospital by 0.06 percent each.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
AXA |
22.74% |
23.36% |
+0.62% |
279,000 |
|
Petro Rabigh |
38.53% |
38.59% |
+0.06% |
525,600 |
|
Saudi German |
11.34% |
11.40% |
+0.06% |
55,224 |
|
FIPCO |
0.96% |
1.00% |
+0.04% |
4,600 |
|
SAICO |
1.29% |
1.33% |
+0.04% |
10,000 |
Meanwhile, Salama Cooperative Insurance Co. and Malath Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.78 percent and 0.60 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 |
|
Salama |
11.24% |
10.46% |
(0.78%) |
195,000 |
|
Malath |
19.48% |
18.88% |
(0.60%) |
300,000 |
|
Walaa |
12.77% |
12.50% |
(0.27%) |
108,000 |
|
Al Rajhi Takaful |
9.09% |
8.83% |
(0.26%) |
104,000 |
|
Thimar |
1.91% |
1.80% |
(0.11%) |
11,000 |
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