Foreign investors hiked stakes in 67 listed firms last Tuesday

20/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 67 Tadawul-listed firms on Tuesday, May 15, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Company for Hardware (SACO), Taleem REIT Fund and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in SACO by 0.15 percent, and in Taleem REIT and Malath by 0.13 percent and 0.10 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

 10.30%

 10.45%

+0.15%

36,000

Taleem REIT

 0.43%

 0.56%

+0.13%

37,050

Malath

 21.58%

 21.68%

+0.10%

50,000

Trade Union

 1.10%

 1.19%

+0.09%

24,750

National Gypsum

 1.54%

 1.61%

+0.07%

22,167

 

Meanwhile, Buruj Cooperative Insurance Co. and Al Sorayai Trading and Industrial Group Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.20 and 0.14 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Buruj

 1.85%

 1.65%

(0.20%)

50,000

Al Sorayai

 1.61%

 1.47%

(0.14%)

31,500

Al Ahlia

 9.09%

 8.97%

(0.12%)

38,400

Amana

 5.21%

 5.12%

(0.09%)

12,600

MedGulf

 10.71%

 10.65%

(0.06%)

24,000

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