Foreign investors hiked stakes in 61 listed firms last Wednesday

12/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 61 Tadawul-listed firms on Wednesday, Feb. 7, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Middle East Paper Co. (MEPCO), United International Transportation Co. Ltd. (Budget Saudi), and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in MEPCO by 0.49 percent, and in Budget Saudi and SISCO by 0.41 and 0.30 percent, respectively.

 

 Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

MEPCO

1.65%

 2.14%

+0.49%

245,000

Budget Saudi

 12.39%

 12.80%

+0.41%

291,783

SISCO

 0.78%

 1.08%

+0.30%

244,800

Chemanol

 2.84%

 3.10%

+0.26%

313,560

Alhokair

 4.14%

 4.31%

+0.17%

357,000

 

Meanwhile, Al Yamamah Steel Industries Co. and Abdullah A Othaim Markets Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.11 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Yamamah Steel

0.53%

 0.31%

(0.22%)

111,760

Al Othaim

 5.03%

 4.92%

(0.11%)

49,500

Tawuniya

 4.99%

 4.88%

(0.11%)

137,500

Saudi Re

 2.23%

 2.16%

(0.07%)

56,700

Gulf General

 2.02%

 1.96%

(0.06%)

12,000

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