Qualified foreign investors (QFIs) increased their stakes in 51 Tadawul-listed firms on Monday, March 19, while 46 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
National Medical Care Co. (Care), Salama Cooperative Insurance Co. and United Electronics Co. (Extra) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Care by 0.63 percent, and in Salama and Extra by 0.36 percent and 0.24 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Care |
11.12% |
11.75% |
+0.63% |
282,555 |
Salama |
11.31% |
11.67% |
+0.36% |
90,000 |
Extra |
9.10% |
9.34% |
+0.24% |
100,800 |
Budget Saudi |
16.29% |
16.50% |
+0.21% |
149,450 |
Malath |
19.38% |
19.54% |
+0.16% |
80,000 |
Meanwhile, Herfy Food Services Co. and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.66 and 0.18 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Herfy |
9.99% |
9.33% |
(0.66%) |
426,888 |
Shams |
1.71% |
1.53% |
(0.18%) |
18,270 |
Dallah |
3.92% |
3.83% |
(0.09%) |
53,100 |
Amana |
5.38% |
5.29% |
(0.09%) |
12,600 |
NADEC |
0.93% |
0.86% |
(0.07%) |
59,290 |
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