Foreign investors hiked stakes in 69 listed firms last Thursday

10/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 69 Tadawul-listed firms on Thursday, April 5, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

AXA Cooperative Insurance Co., United International Transportation Co. Ltd. (Budget Saudi) and Bank Aljazira were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in AXA by 0.98 percent, and in Budget Saudi and Bank Aljazira by 0.39 percent and 18 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

AXA

 25.73%

 26.71%

+0.98%

441,000

Budget Saudi

 17.92%

 18.31%

+0.39%

277,550

Bank Aljazira

 7.74%

 7.92%

+0.18%

1,476,000

Aljazira REIT

 2.56%

 2.70%

+0.14%

16,520

SARCO

 1.52%

 1.65%

+0.13%

19,500

 

Meanwhile, Salama Cooperative Insurance Co. and Saudi Vitrified Clay Pipes Co. (SVCP) saw the highest stock sales by foreign investors, with QFIs offloading 0.32 and 0.20 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 10.02%

 9.70%

(0.32%)

80,000

SVCP

 2.11%

 1.91%

(0.20%)

30,000

Aldrees

 2.51%

 2.34%

(0.17%)

85,000

eXtra

 9.76%

 9.66%

(0.10%)

42,000

Walaa

 10.81%

 10.71%

(0.10%)

40,000

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