Foreign investors hiked stakes in 43 listed firms last Wednesday

14/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 43 Tadawul-listed firms on Wednesday, May 9, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alujain Corporation, Bupa Arabia for Cooperative Insurance Co. and Tourism Enterprise Co. (Shams) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Alujain by 0.13 percent, and in Bupa Arabia and Shams by 0.09 percent and 0.07 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

5.65%

5.78%

+0.13%

89,960

Bupa Arabia

44.28%

44.37%

+0.09%

72,000

Shams

1.43%

1.50%

+0.07%

7,105

eXtra

11.35%

11.40%

+0.05%

21,000

SACO

10.09%

10.14%

+0.05%

12,000

 

Meanwhile, Malath Cooperative Insurance Co. and Saudi Indian Cooperative Insurance Co. (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.30 and 0.26 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

21.56%

21.26%

(0.30%)

150,000

Wafa

13.38%

13.12%

(0.26%)

26,923

SADAFCO

8.46%

8.24%

(0.22%)

71,500

SVCP

1.35%

1.19%

(0.16%)

24,000

Al Tayyar

11.65%

11.50%

(0.15%)

314,475

 

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