Qualified foreign investors (QFIs) increased their stakes in 63 Tadawul-listed firms on Tuesday, March 13, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
United International Transportation Co. Ltd. (Budget Saudi), AXA Cooperative Insurance Co. and Herfy Food Services Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in Budget Saudi by 0.18 percent, and in AXA and Herfy by 0.16 percent and 0.15 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 |
|
Budget Saudi |
15.91% |
16.09% |
+0.18% |
128,100 |
|
AXA |
23.84% |
24.00% |
+0.16% |
72,000 |
|
Herfy |
9.99% |
10.14% |
+0.15% |
97,020 |
|
eXtra |
7.39% |
7.53% |
+0.14% |
58,800 |
|
Advanced |
2.06% |
2.16% |
+0.10% |
196,794 |
Meanwhile, Sahara Petrochemical Co. and The Company for Cooperative Insurance (Tawuniya) saw the highest stock sales by foreign investors, with QFIs offloading 0.38 and 0.31 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 |
|
Sahara |
1.65% |
1.27% |
(0.38%) |
1,667,421 |
|
Tawuniya |
4.58% |
4.27% |
(0.31%) |
387,500 |
|
Gulf Union |
3.31% |
3.14% |
(0.17%) |
25,500 |
|
Dallah |
4.23% |
4.12% |
(0.11%) |
64,900 |
|
MEPCO |
1.68% |
1.60% |
(0.08%) |
40,000 |
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