Foreign investors hiked stakes in 42 listed firms on Monday June 11

21/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Monday, June 11, while 63 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

National Medical Care (Care), Al Sorayai Trading and Middle East Paper Co. (MEPCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Care by 0.28 percent, and in Al Sorayai and MEPCO by 0.20 percent and 0.10 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Care

 15.16%

 15.44%

+0.28%

125,580

Al Sorayai

 2.62%

 2.82%

+0.20%

45,000

MEPCO

 1.38%

 1.48%

+0.10%

50,000

SIDC

 1.13%

 1.20%

+0.07%

28,000

Al Khodari

 1.81%

 1.88%

+0.07%

37,188

 

Meanwhile, Jazan Energy and Development Co.’s (JAZADCO) and Al Ahli Takaful Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.28 and 0.19 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

JAZADCO

 0.99%

 0.71%

(0.28%)

140,000

Al Ahli Takaful

 19.95%

 19.76%

(0.19%)

31,667

Aljazira

 1.69%

 1.54%

(0.15%)

17,700

AXA

 26.52%

 26.39%

(0.13%)

58,500

Al Rajhi Takaful

 8.92%

 8.80%

(0.12%)

48,000

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