Qualified foreign investors (QFIs) increased their stakes in 66 Tadawul-listed firms on Sunday, March 18, while 34 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Salama Cooperative Insurance Co., United Electronics Co. (Extra) and United International Transportation Co. td. (Budget Saudi) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Salama by 0.54 percent, and in Extra and Budget Saudi by 0.19 percent and 0.18 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 10.77%

 11.31%

+0.54%

135,000

Extra

 8.91%

 9.10%

+0.19%

79,800

Budget Saudi

 16.11%

 16.29%

+0.18%

128,100

Buruj

 1.52%

 1.69%

+0.17%

42,500

Care

 10.95%

 11.12%

+0.17%

76,245

 

Meanwhile, Malath Cooperative Insurance Co. and Wataniya Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.90 and 0.20 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

20.28%

 19.38%

(0.90%)

450,000

Wataniya

 11.70%

 11.50%

(0.20%)

40,000

Alujain

 6.82%

 6.63%

(0.19%)

131,480

Tawuniya

 4.22%

 4.09%

(0.13%)

162,500

SIECO

 1.71%

 1.63%

(0.08%)

864

 

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Quotes

TAWUNIYA
130.80
(0.20) (0.15%)
ALUJAIN
36.95
(0.70) (1.86%)
SIECO
2.52
0.00 0.00%
SALAMA
21.44
(0.28) (1.29%)
BUDGET SAUDI
74.00
(0.70) (0.94%)
BURUJ
18.56
(0.12) (0.64%)
MALATH INSURANCE
15.76
0.06 0.38%
WATANIYA
23.12
0.14 0.61%
EXTRA
96.00
(0.50) (0.52%)
CARE
164.20
2.00 1.23%


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