Foreign investors hiked stakes in 60 listed firms last Thursday

15/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Thursday, May 10, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group), Saudi Company for Hardware (SACO) and Arabian Shield Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Al Hokair Group by 0.17 percent, and in SACO and Arabian by 0.14 percent and 0.13 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Hokair Group

 2.48%

 2.65%

+0.17%

93,500

SACO

 10.14%

 10.28%

+0.14%

33,600

Arabian Shield

 6.01%

 6.14%

+0.13%

26,000

Wafa

 13.12%

 13.24%

+0.12%

12,426

Saudi Re

 2.30%

 2.39%

+0.09%

72,900

 

Meanwhile, Malath Cooperative Insurance Co. and Nama Chemicals Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.26 and 0.21 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

 21.26%

 21.00%

(0.26%)

130,000

Nama

 1.51%

 1.30%

(0.21%)

49,392

Aljazira REIT

 2.12%

 1.91%

(0.21%)

24,780

Enaya

 16.02%

 15.87%

(0.15%)

30,000

Gulf General

 2.63%

 2.50%

(0.13%)

26,000

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