Foreign investors hiked stakes in 74 listed firms on Sunday

06/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 74 Tadawul-listed firms on Sunday, June 3, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

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

 

 Foreign investors raised their shareholdings in SACO and SAIC by 15 percent each and in Al Sorayai by 0.13 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

 11.49%

 11.64%

+0.15%

36,000

SAIC

 1.12%

 1.27%

+0.15%

75,000

Al Sorayai

 2.03%

 2.16%

+0.13%

29,250

Kayan

 2.19%

 2.30%

+0.11%

1,650,000

Aljazira REIT

 1.61%

 1.72%

+0.11%

12,980

 

Meanwhile, United International Transportation Co. Ltd (Budget Saudi) and Wataniya Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.25 and 0.13 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Budget Saudi

 19.87%

 19.62%

(0.25%)

177,917

Wataniya

 11.43%

 11.30%

(0.13%)

26,000

Aldrees

 1.85%

 1.75%

(0.10%)

50,000

Bupa Arabia

 44.01%

 43.92%

(0.09%)

72,000

Alandalus Property

 0.64%

 0.57%

(0.07%)

49,000

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