Foreign investors hiked stakes in 45 listed firms on Feb. 18

21/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Sunday, Feb. 18, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

National Medical Care Co. (Care) and Saudi Indian Comoany for Cooperative Insurance (Wafa), were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Care by 0.32 percent and in Wafa and by 0.25 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Care

 8.76%

 9.08%

+0.32%

143,520

Wafa

 12.68%

 12.93%

+0.25%

25,888

SACO

 8.60%

 8.73%

+0.13%

31,200

Amana

 5.22%

 5.35%

+0.13%

18,200

eXtra

 6.73%

 6.84%

+0.11%

46,200

 

Meanwhile, Alujain Corporation and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.10 percent and 0.08 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

 6.92%

 6.82%

(0.10%)

69,200

Shams

 2.36%

 2.28%

(0.08%)

8,120

NADEC

 1.18%

 1.11%

(0.07%)

59,290

Tawuniya

 4.70%

 4.64%

(0.06%)

75,000

Alinma

 1.91%

 1.86%

(0.05%)

750,000

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