Foreign investors hiked stakes in 51 listed firms on March 19

22/03/2018 Argaam Special

 

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

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

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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