Foreign investors hiked stakes in 39 listed firms on Wednesday June 13

25/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 39 Tadawul-listed firms on Wednesday, June 13, while 54 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Tihama Advertising & Public Relations Co., Saudi Industrial Investment Group (SIIG) and Al Tayyar Travel Group were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Tihama by 0.17 percent, and in SIIG and Al Tayyar by 0.12 percent and 0.08 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Tihama

 1.64%

 1.81%

+0.17%

12,750

SIIG

 3.28%

 3.40%

+0.12%

540,000

Al Tayyar

 11.57%

 11.65%

+0.08%

167,720

Nama

 1.18%

 1.24%

+0.06%

14,112

BCI

 2.65%

 2.70%

+0.05%

13,750

 

Meanwhile, Alinma Bank and Zamil Industrial Investment Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 and 0.12 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alinma

 4.30%

 4.08%

(0.22%)

3,300,000

Zamil

 1.27%

 1.15%

(0.12%)

72,000

Budget Saudi

 20.21%

 20.15%

(0.06%)

42,700

Aljazira

 5.96%

 5.91%

(0.05%)

410,000

Care

 15.55%

 15.51%

(0.04%)

17,940

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