Foreign investors hiked stakes in 53 listed firms on Sunday

07/03/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Sunday, March 4, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Tayyar Travel Group, Saudi Industrial Export Co. (SIECO), and Dar Al-Arkan Real Estate Development Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Al Tayyar by 0.35 percent, and in SIECO and Dar Al-Arkan by 0.15 percent and 0.09 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Tayyar

10.56%

10.91%

+0.35%

733,775

SIECO

1.55%

1.70%

+0.15%

1,620

Dar Al-Arkan

2.43%

2.52%

+0.09%

972,000

SAICO

1.35%

1.42%

+0.07%

17,500

Dallah

4.30%

4.36%

+0.06%

35,400

 

Meanwhile, Ash-Sharqiyah Development Co. and Alandalus Property Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.15 and 0.07 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Ash-Sharqiyah

0.90%

0.75%

(0.15%)

11,250

Alandalus

1.56%

1.49%

(0.07%)

49,000

Advanced

1.75%

1.71%

(0.04%)

78,718

Tihama

1.62%

1.58%

(0.04%)

3,000

Gulf Union

3.70%

3.66%

(0.04%)

6,000

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