Foreign investors hiked stakes in 62 listed firms last Wednesday

30/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 62 Tadawul-listed firms on Wednesday, April 25, while 60 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Gulf Union Cooperative Insurance Co., National Agriculture Marketing Co. (Thimar) and Tihama Advertising and Public Relations Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Gulf Union by 0.18 percent, in Thimar by 0.13 percent and in Tihama by 0.12 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Gulf Union

 2.73%

 2.91%

+0.18%

27,000

Thimar

 1.47%

 1.60%

+0.13%

13,000

Tihama

 2.01%

 2.13%

+0.12%

9,000

Care

 14.55%

 14.65%

+0.10%

44,850

Aslak

 1.025%

 1.12%

+0.10%

43,875

 

Meanwhile, Saudi Industrial Services Co. (SISCO) and United International Transportation Co. Ltd. (Budget Saudi) saw the highest stock sales by foreign investors, with QFIs offloading 0.28 and 0.19 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SISCO

 2.87%

 2.59%

(0.28%)

228,480

Budget Saudi

 18.39%

18.20%

(0.19%)

135,217

Herfy

 8.45%

 8.34%

(0.11%)

71,148

SVCP

 2.24%

 2.13%

(0.11%)

16,500

Arabian Pipes

 1.44%

 1.34%

(0.10%)

40,000

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.