Foreign ownership up in 67 Tadawul-listed firms; QFIs buy Mobily, Almarai

Foreign ownership increased across 67 Tadawul-listed firms on Tuesday, and decreased in 45 other stocks, market data compiled by Argaam showed.

The data covered qualified foreign institutional investors (QFIs) and their approved clients, as well as swap agreements.

QFIs bought a 0.01 stake in Etihad Etisalat Co. (Mobily) and boosted their position in Almarai by 0.01 percent to 0.05 percent.

Meanwhile, QFIs unloaded their 0.01 percent and 0.02 percent stakes in utility provider Saudi Electricity Co. (SEC) and Abdulmohsen Alhokair Group for Tourism and Development Co., respectively. They also cut their holding in Saudi Company for Hardware (SACO) by 0.24 percent.

With regard to total foreign ownership, Saudi Industrial Development Co. (SIDC) saw the biggest increase of 0.72 percent to 1.88 percent. National Agriculture Marketing Co. (Thimar) came second with a rise of 0.30 percent to 1.87 percent.

Meanwhile, United International Transportation Company Ltd. (Budget Saudi) witnessed the steepest decline in foreign ownership at 0.19 percent to 17.28 percent. Alkhaleej Training and Education Co. followed with a 0.16 percent cut to 19.01 percent.