Foreign investors hiked stakes in 49 listed firms last Tuesday

27/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 49 Tadawul-listed firms on Tuesday, May 22, while 53 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Malath Cooperative Insurance Co., Saudi Arabia Refineries Co. (SARCO) and Trade Union Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Malath by 0.14 percent, and in SARCO and Trade Union by 0.06 percent, each.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

 21.65%

21.79%

+0.14%

70,000

SARCO

 1.76%

 1.82%

+0.06%

9,000

Trade Union

 1.06%

 1.12%

+0.06%

16,500

Arriyadh Development

 0.47%

 0.53%

+0.06%

80,000

Arabian Shield

 5.96%

 6.02%

+0.06%

12,000

 

Meanwhile, National Agriculture Marketing Co. (Thimar) and Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent of their holdings, in each.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Thimar

 1.43%

 1.26%

(0.17%)

17,000

Al Rajhi Takaful

 9.78%

 9.61%

(0.17%)

68,000

Al Tayyar

 11.48%

 11.35%

(0.13%)

272,545

eXtra

 11.05%

 10.95%

(0.10%)

42,000

Al Othaim

 4.30%

 4.23%

(0.07%)

63,000

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