Foreign investors hiked stakes in 39 listed firms last Tuesday

03/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 39 Tadawul-listed firms on Tuesday, May 29, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Enaya Cooperative Insurance Co., Al-Babtain Power and Telecommunication Co. and Middle East Specialized Cable Co.’s (MESC) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Saudi Enaya by 0.08 percent, and in Al Babtain and MESC by 0.06 percent and 0.05 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Saudi Enaya

15.79%

15.87%

+0.08%

16,000

Al-Babtain

0.63%

0.69%

+0.06%

25,579

MESC

1.21%

1.26%

+0.05%

30,000

eXtra

11.56%

11.61%

+0.05%

21,000

Alasmak

0.57%

0.61%

+0.04%

8,000

 

Meanwhile, United International Transportation Co. Ltd (Budget Saudi) and Al Ahlia for Cooperative insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.09 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Ahlia

19.67%

19.57%

(0.10%)

71,167

Budget Saudi

8.92%

8.83%

(0.09%)

28,800

AXA

27.77%

27.69%

(0.08%)

36,000

Saudi Re

2.21%

2.13%

(0.08%)

64,800

SIECO

1.62%

1.55%

(0.07%)

756

 

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