Foreign investors hiked stakes in 66 listed firms on Sunday

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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