Foreign investors hiked stakes in 43 listed firms last Sunday

07/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 43 Tadawul-listed firms last Sunday, while 67 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Wataniya Insurance Co., United International Transportation Co. Ltd. (Budget Saudi),and United Electronics Co. (eXtra) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Wataniya by 1.25 percent, and in Budget Saudi and eXtra by 0.10 and 0.09 percent respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wataniya

 10.60%

 11.85%

+1.25%

250,000

Budget Saudi

 11.91%

 12.01%

+0.10%

71,167

eXtra

 6.64%

 6.73%

+0.09%

37,800

Chubb Arabia

 32.22%

 32.30%

+0.08%

16,000

Care

 8.39%

8.46%

+0.07%

31,395

 

 Meanwhile, Malath Cooperative Insurance Co. and Gulf General Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.25 percent and 0.16 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

 20.23%

 19.98%

(0.25%)

125,000

Gulf General

 2.14%

 1.98%

(0.16%)

32,000

Salama

 11.58%

 11.48%

(0.10%)

25,000

Saudi Re

 2.30%

 2.21%

(0.09%)

72,900

Ash-Sharqiyah

 1.02%

 0.94%

(0.08%)

6,000

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