Foreign investors hiked stakes in 48 listed firms last Wednesday

29/01/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 48 Tadawul-listed firms last Wednesday, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Salama Cooperative Insurance Co., Buruj Cooperative Insurance Co., and Musharaka REIT were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Salama by 0.98 percent, and in Buruj and Musharaka REIT by 0.12 and 0.11 percent respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 9.82%

 10.80%

+0.98%

245,000

Buruj

 2.05%

 2.17%

+0.12%

30,000

Musharaka REIT

 0.50%

 0.61%

+0.11%

96,800

AXA

 22.17%

 22.26%

+0.09%

40,500

Al Rajhi Takaful

 9.14%

 9.22%

+0.08%

32,000

 
 Meanwhile, Malath Cooperative Insurance Co. and Saudi Indian Company for Cooperative Insurance (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.32 percent and 0.17 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

 20.80%

 20.48%

(0.32%)

160,000

Wafa

 12.68%

 12.51%

(0.17%)

17,604

Saudi Re

 2.42%

 2.34%

(0.08%)

64,800

Al Alamiya

 0.23%

 0.16%

(0.07%)

28,000

Bupa Arabia

 41.95%

 41.88%

(0.07%)

56,000

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