Foreign investors hiked stakes in 53 listed firms on April 15

18/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Sunday, April 15, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Basic Chemical industries Co. (BCI), Astra Industrial Group and Gulf Union Cooperative Insurance Co. were the top companies that saw further purchases by foreign investors.

 

Foreign investors raised their shareholdings in BCI by 0.61 percent, in Astra by 0.29 percent, and in Gulf Union by 0.17 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

BCI

 1.77%

 2.38%

+0.61%

167,750

Astra

 15.83%

 16.12%

+0.29%

232,000

Gulf Union

 2.18%

 2.35%

+0.17%

25,500

Wafa

 13.48%

 13.63%

+0.15%

15,533

Gulf General

 3.09%

 3.21%

+0.12%

24,000

 

Meanwhile, Tihama Advertising and Public Relation Co. and Methanol Chemicals Co. (Chemanol) saw the highest stock sales by foreign investors, with QFIs offloading 0.12 and 0.11 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Tihama

 1.73%

 1.61%

(0.12%)

9,000

Chemanol

 1.74%

 1.63%

(0.11%)

132,660

Budget Saudi

 18.48%

 18.38%

(0.10%)

71,167

Aljazira REIT

 2.80%

 2.71%

(0.09%)

10,620

City Cement

 1.16%

 1.08%

(0.08%)

151,360

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