Qualified foreign investors (QFIs) increased their stakes in 87 Tadawul-listed firms on Wednesday, April 4, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), Malath Cooperative Insurance Co., and Gulf General Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.49 percent, and in Malath and Gulf General by 0.31 percent and 0.19 percent, respectively.
|
Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Care |
13.62% |
14.11% |
+0.49% |
219,765 |
|
Malath |
19.24% |
19.55% |
+0.31% |
155,000 |
|
Gulf General |
3.06% |
3.25% |
+0.19% |
38,000 |
|
MEPCO |
1.79% |
1.91% |
+0.12% |
60,000 |
|
Alinma |
3.35% |
3.47% |
+0.12% |
1,800,000 |
Meanwhile, Walaa Cooperative Insurance Co. and Aldrees Petroleum and Transport Services Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.83 and 0.43 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 |
|
Walaa |
11.64% |
10.81% |
(0.83%) |
332,000 |
|
Aldrees |
2.94% |
2.51% |
(0.43%) |
215,000 |
|
Cable |
2.61% |
2.41% |
(0.20%) |
80,823 |
|
SVCP |
2.30% |
2.11% |
(0.19%) |
28,500 |
|
Alhokair |
3.33% |
3.15% |
(0.18%) |
378,000 |
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