Foreign investors hiked stakes in 53 listed firms last Thursday

30/01/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms last Thursday, while 43 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Methanol Chemicals Co. (Chemanol), Salama Cooperative Insurance Co. and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Chemanol by 1.19 percent, and in Salama and Malath by 1.05 and 0.3 percent respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Chemanol

1.68%

2.87%

+1.19%

1,435,140

Salama

10.80%

11.85%

+1.05%

262,500

Malath

20.48%

20.78%

+0.30%

150,000

Al Rajhi

3.73%

3.81%

+0.08%

1,300,000

Buruj

2.17%

2.25%

+0.08%

20,000

 

 Meanwhile, Alujain Corporation and Al Babtain Power & Telecommunications Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.56 percent and 0.23 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

8.40%

7.84%

(0.56%)

387,520

Al Babtain

2.33%

2.10%

(0.23%)

98,052

Al Jouf Cement

1.73%

1.58%

(0.15%)

214,500

Saudi German Hospitals

10.93%

10.84%

(0.09%)

82,836

Bank Aljazira

8.11%

8.03%

(0.08%)

416,000

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