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 |
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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 |
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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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