Foreign investors hiked stakes in 45 listed firms on March 5

08/03/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Monday, March 5, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Company for Hardware (SACO), National Medical Care Co. (Care) and United International Transportation Ltd. (Budget Saudi) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SACO by 0.18 percent, and in Care and Budget Saudi by 0.12 percent and 0.11 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

8.99%

 9.17%

+0.18%

43,200

Care

 9.87%

 9.99%

+0.12%

53,820

Budget Saudi

 14.96%

 15.07%

+0.11%

78,283

Wafa

 13.61%

 13.70%

+0.09%

9,320

Shams

 1.74%

 1.80%

+0.06%

6,090

 

Meanwhile, Al Tayyar Travel Group saw the highest stock sale by foreign investors, with QFIs offloading 0.10 percent of their holdings.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Tayyar

 10.91%

 10.81%

(0.10%)

209,650

SARCO

 2.03%

 1.95%

(0.08%)

12,000

Solidarity

 0.87%

 0.79%

(0.08%)

20,000

Wataniya

 12.56%

 12.48%

(0.08%)

16,000

Al-Khodari

 1.53%

 1.47%

(0.06%)

31,875

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