Foreign investors hiked stakes in 30 listed firms on Tuesday June 12

24/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 30 Tadawul-listed firms on Tuesday, June 12, while 70 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Company for Hardware (SACO), Saudi Indian Cooperative Insurance Co. (Wafa) and National Medical Care (Care) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in SACO by 0.16 percent, and in Wafa and Care by 0.13 percent and 0.11 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

 11.98%

 12.14%

+0.16%

38,400

Wafa

 12.43%

 12.56%

+0.13%

13,000

Care

 15.44%

 15.55%

+0.11%

49,335

Al Sorayai

 2.82%

 2.91%

+0.09%

20,250

SIDC

 1.20%

 1.25%

+0.05%

20,000

 

Meanwhile, Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) and Al Ahli Takaful Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.07 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Rajhi Takaful

 8.80%

 8.70%

(0.10%)

40,000

Al Ahli Takaful

 19.76%

 19.69%

(0.07%)

11,667

Nama

 1.25%

 1.18%

(0.07%)

16,464

Dar Al-Arkan

 3.74%

 3.69%

(0.05%)

540,000

Saudi Cable

 2.07%

 2.03%

(0.04%)

16,165

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