Foreign investors hiked stakes in 64 listed firms last Thursday

17/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 64 Tadawul-listed firms on Thursday, April 12, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Ash-Sharqiyah Development Co., Malath Cooperative Insurance Co. and Aljazira REIT were the top securities seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Ash-Sharqiyah by 0.35 percent, and in Malath and Aljazira REIT by 0.16 percent and 0.12 percent, respectively.

 

 Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Change

Shares Traded

Ash-Sharqiyah

 0.77%

 1.12%

+0.35%

26,250

Malath

 19.76%

 19.92%

+0.16%

80,000

Aljazira REIT

 2.68%

 2.80%

+0.12%

14,160

Al Sorayai

 1.46%

 1.57%

+0.11%

24,750

Al Rajhi Takaful

 9.71%

 9.82%

+0.11%

44,000

 

Meanwhile, Salama Cooperative Insurance Co. and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.61 and 0.41 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Change

Shares Traded

Salama

 9.15%

 8.54%

(0.61%)

152,500

Shams

 1.74%

 1.33%

(0.41%)

41,615

Advanced Industries

 1.16%

 0.99%

(0.17%)

85,000

Budget Saudi

 18.63%

 18.48%

(0.15%)

106,750

SACO

 9.57%

 9.50%

(0.07%)

16,800

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