Foreign investors hiked stakes in 68 listed firms on May 2

07/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 68 Tadawul-listed firms on Wednesday, May 2, while 38 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Dar Al-Arkan Real Estate Development Co., United International Transportation Co. Ltd. (Budget Saudi) and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Dar Al-Arkan by 0.34 percent, in Budget Saudi by 0.29 percent, and in Malath by 0.23 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Dar Al-Arkan

3.10%

3.44%

+0.34%

3,672,000

Budget Saudi

18.15%

18.44%

+0.29%

206,383

Malath

20.96%

21.19%

+0.23%

115,000

Care

15.21%

15.42%

+0.21%

94,185

Alhokair

3.13%

3.32%

+0.19%

399,000

 

Meanwhile, Alujain Corporation and Bank Aljazira saw the highest stock sales by foreign investors, with QFIs offloading 0.72 and 0.17 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

5.37%

4.65%

(0.72%)

498,240

Aljazira

6.61%

6.44%

(0.17%)

1,394,000

Al Sagr

1.86%

1.70%

(0.16%)

40,000

Arabian Shield

5.99%

5.90%

(0.09%)

18,000

Alhokair Group

2.56%

2.48%

(0.08%)

44,000

 

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