Foreign investors hiked stakes in 75 listed firms on May 14

17/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 75 Tadawul-listed firms on Monday, May 14, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Malath Cooperative Insurance Co., Dar Al Arkan Real Estate Development Co. and Abdulmohsen Alhokair Group for Tourism and Development Co. (Al Hokair Group) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Malath by 0.42 percent, and in Dar Al Arkan and Al Hokair Group by 0.31 percent and 0.23 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

21.16%

21.58%

+0.42%

210,000

Dar Al Arkan

3.64%

3.95%

+0.31%

3,348,000

Al Hokair Group

2.87%

3.10%

+0.23%

126,500

Al Khodari

1.65%

1.82%

+0.17%

90,313

Budget Saudi

19.20%

19.33%

+0.13%

92,517

 

Meanwhile, Buruj Cooperative Insurance Co. and Gulf General Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.98 and 0.63 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Buruj

2.83%

1.85%

(0.98%)

245,000

Gulf General

2.47%

1.84%

(0.63%)

126,000

Alujain

5.78%

5.59%

(0.19%)

131,480

Wafa

13.30%

13.16%

(0.14%)

14,497

Alinma

3.91%

3.78%

(0.13%)

1,950,000

 

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