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.
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Top Five Stocks Where QFIs Increased Stakes |
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|
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.
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Top Five Stocks Where QFIs Offloaded Stakes |
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|
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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