Foreign investors hiked stakes in 46 listed firms last Wednesday

11/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 46 Tadawul-listed firms on Wednesday, June 6, while 50 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United International Transportation Co. Ltd. (Budget Saudi), Walaa Cooperative Insurance Co. and Abdulmohsen Alhokair Group for Tourism & Development Co. (Al Hokair Group) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Budget Saudi by 0.16 percent, and in Walaa and Alhokair Group by 0.13 percent and 0.12 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Budget Saudi

 19.74%

 19.90%

+0.16%

113,867

Walaa

 9.55%

 9.68%

+0.13%

57,200

Al Hokair Group

 3.85%

 3.97%

+0.12%

66,000

SACO

 11.83%

 11.93%

+0.10%

24,000

SADAFCO

 8.32%

 8.40%

+0.08%

26,000

 

Meanwhile, Al Ahli Takaful Co. and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.41 and 0.36 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Ahli Takaful

 20.38%

 19.97%

(0.41%)

68,333

AXA

 26.88%

 26.52%

(0.36%)

162,000

AICC

 32.14%

 31.94%

(0.20%)

53,000

Malath

 22.21%

 22.11%

(0.10%)

50,000

Al Rajhi

 6.42%

 6.34%

(0.08%)

1,300,000

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