Qualified foreign investors (QFIs) increased their stakes in 57 Tadawul-listed firms on Monday, Feb. 19, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), Saudi Indian Company for Cooperative Insurance (Wafa), A Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.27 percent, and in Wafa and Al Rajhi Takaful by 0.17 percent and 0.12 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Budget Saudi |
13.13% |
13.40% |
+0.27% |
192,150 |
Wafa |
12.93% |
13.10% |
+0.17% |
17,604 |
Al Rajhi Takaful |
8.87% |
8.99% |
+0.12% |
48,000 |
eXtra |
6.84% |
6.95% |
+0.11% |
46,200 |
SACO |
8.73% |
8.81% |
+0.08% |
19,200 |
Meanwhile, Bupa Arabia for Cooperative Insurance and The Company for Cooperative Insurance (Tawuniya) saw the highest stock sales by foreign investors, with QFIs offloading 0.13 percent and 0.12 percent of their holdings respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Bupa Arabia |
41.71% |
41.58% |
(0.13%) |
104,000 |
Tawuniya |
4.64% |
4.52% |
(0.12%) |
150,000 |
Shams |
2.28% |
2.17% |
(0.11%) |
11,165 |
Anaam Holding |
1.32% |
1.21% |
(0.11%) |
21,560 |
SVCP |
2.68% |
2.58% |
(0.10%) |
15,000 |
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