Foreign investors hiked stakes in 45 listed firms on March 5
Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Monday, March 5, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Company for Hardware (SACO), National Medical Care Co. (Care) and United International Transportation Ltd. (Budget Saudi) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SACO by 0.18 percent, and in Care and Budget Saudi by 0.12 percent and 0.11 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SACO |
8.99% |
9.17% |
+0.18% |
43,200 |
Care |
9.87% |
9.99% |
+0.12% |
53,820 |
Budget Saudi |
14.96% |
15.07% |
+0.11% |
78,283 |
Wafa |
13.61% |
13.70% |
+0.09% |
9,320 |
Shams |
1.74% |
1.80% |
+0.06% |
6,090 |
Meanwhile, Al Tayyar Travel Group saw the highest stock sale by foreign investors, with QFIs offloading 0.10 percent of their holdings.
Top Five Stocks Where QFIs Offloaded Stakes |
||||
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Al Tayyar |
10.91% |
10.81% |
(0.10%) |
209,650 |
SARCO |
2.03% |
1.95% |
(0.08%) |
12,000 |
Solidarity |
0.87% |
0.79% |
(0.08%) |
20,000 |
Wataniya |
12.56% |
12.48% |
(0.08%) |
16,000 |
Al-Khodari |
1.53% |
1.47% |
(0.06%) |
31,875 |
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