Foreign investors hiked stakes in 44 listed firms on Mar. 1

06/03/2018 Argaam Special

 

Qualified foreign investors (QFIs) upped their stakes in 44 Tadawul-listed firms on Thursday, March 1, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Tayyar Travel Group Holding Co. and United Electronics Co. (eXtra) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Al Tayyar by 0.34 percent, and in the home appliance retailer by 0.19 percent each.

 

 Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Tayyar

10.22%

10.56%

+0.34%

712,810

eXtra

6.64%

6.83%

+0.19%

79,800

Malath

19.73%

19.91%

+0.18%

90,000

Saudi RE

1.91%

1.98%

+0.07%

56,700

Alandalus

1.49%

1.56%

+0.07%

49,000

 

Meanwhile, Amana Cooperative Insurance saw the highest stock sales by foreign investors, with QFIs offloading 0.10 percent of their holdings. Tourism Enterprise Co. (Shams) came second, as QFIs cut their stakes in the firm by 0.07 percent.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Amana

5.37%

5.27%

(0.10%)

14,000

Shams

1.79%

1.72%

(0.07%)

7,105

Gulf General

2.03%

1.97%

(0.06%)

12,000

SISCO

1.01%

0.96%

(0.05%)

40,800

Mouwasat

10.12%

10.07%

(0.05%)

25,000

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