Foreign investors hiked stakes in 40 listed firms on Thursday June 14

26/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Thursday, June 14, while 44 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Indian Cooperative Insurance Co. (Wafa Insurance), Al Tayyar Travel Group and United Wire Factories Co. (Aslak) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Wafa by 0.09 percent, and in Al Tayyar and Aslak by 0.08 percent and 0.05 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

 12.58%

 12.67%

+0.09%

9,000

Al Tayyar

 11.65%

 11.73%

+0.08%

167,720

Aslak

 0.91%

 0.96%

+0.05%

21,937

Al Ahli Takaful

 19.66%

 19.70%

+0.04%

6,667

SIECO

 1.67%

 1.71%

+0.04%

432

 

Meanwhile, Al Sorayai Trading and Industrial Group Co. and Halwani Bros Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.10 and 0.08 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Sorayai

 2.92%

 2.82%

(0.10%)

22,500

Halwani

 4.02%

 3.94%

(0.08%)

22,857

Aljazira

 5.91%

 5.83%

(0.08%)

656,000

Saudi Enaya

 15.82%

 15.76%

(0.06%)

6,000

eXtra

 12.35%

 12.29%

(0.06%)

25,200

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