Foreign investors hiked stakes in 37 listed firms on May 20

23/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 37 Tadawul-listed firms on Sunday, May 20, while 56 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Company for Hardware (SACO), Al Sorayai Trading and Industrial Group Co. and Arabian Pipes Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in SACO by 0.41 percent, and in Al Sorayai and Arabian Pipes by 0.17 percent and 0.06 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

10.71%

11.12%

+0.41%

98,400

Al Sorayai

1.57%

1.74%

+0.17%

38,250

Arabian Pipes

1.33%

1.39%

+0.06%

24,000

Al Khaleej Training

7.48%

7.54%

+0.06%

27,000

SARCO

1.72%

1.77%

+0.05%

7,500

 

Meanwhile, Buruj Cooperative Insurance Co. and Saudi Indian Cooperative Insurance Co. (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.23 and 0.19 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Buruj

1.29%

1.06%

(0.23%)

57,500

Wafa

13.03%

12.84%

(0.19%)

19,675

Saudi Cable

2.32%

2.13%

(0.19%)

76,782

Anaam Holding

0.92%

0.74%

(0.18%)

35,280

Al Othaim

4.48%

4.33%

(0.15%)

135,000

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