Foreign investors hiked stakes in 52 listed firms on Monday

07/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 52 Tadawul-listed firms on Monday, June 4, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alinma Bank, Abdulmohsen Alhokair Group for Tourism & Development Co. and Saudi Indian Cooperative Insurance Co. (Wafa) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Alinma by 0.39 percent, and in Alhokair Group and Wafa by 0.27 percent and 0.23 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alinma

3.86%

4.25%

+0.39%

5,850,000

Alhokair Group

3.27%

3.54%

+0.27%

148,500

Wafa

12.25%

12.48%

+0.23%

23,817

Al Sorayai

2.16%

2.38%

+0.22%

49,500

SACO

11.64%

11.83%

+0.19%

45,600

 

Meanwhile, AXA Cooperative Insurance Co. and Al Khaleej Training and Education Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.44 and 0.41 percent of their holdings. respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

AXA

27.62%

27.18%

(0.44%)

198,000

Al Khaleej Training

7.50%

7.09%

(0.41%)

184,500

Al Rajhi Takaful

9.37%

9.21%

(0.16%)

64,000

Al Othaim

4.14%

3.98%

(0.16%)

144,000

Al Hammadi

2.12%

2.00%

(0.12%)

144,000

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