Qualified foreign investors (QFIs) increased their stakes in 50 Tadawul-listed firms on Wednesday, Feb. 21, while 47 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), National Medical Care Co. (Care) and Al Tayyar Travel Group were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.73 percent, and in Care and Al Tayyar by 0.71 percent and 0.31 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Budget Saudi |
13.46% |
14.19% |
+0.73% |
519,517 |
Care |
9.23% |
9.94% |
+0.71% |
318,435 |
Al Tayyar |
9.27% |
9.58% |
+0.31% |
649,915 |
SIECO |
1.29% |
1.53% |
+0.24% |
2,592 |
Wataniya |
12.47% |
12.65% |
+0.18% |
36,000 |
Meanwhile, Al Hammadi Company for Development and Investment and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.24 percent and 0.20 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 |
Al Hammadi |
3.20% |
2.96% |
(0.24%) |
288,000 |
Shams |
2.23% |
2.03% |
(0.20%) |
20,300 |
Ash-Sharqiyah |
1.04% |
0.97% |
(0.07%) |
5,250 |
Aljazira REIT |
2.21% |
2.15% |
(0.06%) |
7,080 |
AXA |
23.48% |
23.43% |
(0.05%) |
22,500 |
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