Foreign investors hiked stakes in 86 listed firms last Wednesday

23/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 86 Tadawul-listed firms on Wednesday, April 18, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Vitrified Clay Pipes Co. (SVCP), Middle East Specialized Cable Co. (MESC) and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors. 

Foreign investors raised their shareholdings in SVCP by 0.38 percent, and in MESC and SISCO by 0.35 percent and 0.23 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SVCP

 2.05%

 2.43%

+0.38%

57,000

MESC

 0.92%

 1.27%

+0.35%

210,000

SISCO

 2.06%

 2.29%

+0.23%

187,680

Malath

 20.26%

 20.48%

+0.22%

110,000

SARCO

 1.67%

 1.82%

+0.15%

22,500

 

Meanwhile, Aljazira Bank and Walaa Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 1.95 and 0.39 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aljazira

 7.75%

 5.80%

(1.95%)

15,990,000

Walaa

 10.80%

 10.41%

(0.39%)

156,000

Alujain

 5.67%

 5.34%

(0.33%)

228,360

Aljazira REIT

 2.48%

 2.30%

(0.18%)

21,240

Shams

 1.56%

 1.43%

(0.13%)

13,195

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.