Foreign investors hiked stakes in 51 listed firms on Tuesday June 26

01/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 51 Tadawul-listed firms on Tuesday, June 26, while 55 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Bupa Arabia for Cooperative Insurance Co., Gulf General Cooperative Insurance Co. and Al Ma’athar REIT were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Bupa Arabia, Gulf General and Al Ma’athar REIT by 0.05 percent, each.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Bupa Arabia

43.88%

 43.93%

+0.05%

40,000

Gulf General

 1.77%

 1.82%

+0.05%

10,000

Al Ma’athar REIT

 1.45%

 1.50%

+0.05%

30,685

Mouwasat

 10.35%

 10.39%

+0.04%

40,000

Kayan

 2.55%

 2.59%

+0.04%

600,000

 

Meanwhile, Al Rajhi Company for Cooperative Insurance (Al Rajhi Takakful)  and Bank Aljazira saw the highest stock sales by foreign investors, with QFIs offloading 0.14 and 0.11 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Rajhi Takaful

 8.58%

 8.44%

(0.14%)

56,000

Aljazira

 5.73%

 5.62%

(0.11%)

902,000

Al Ahlia

 8.79%

 8.71%

(0.08%)

25,600

eXtra

 12.09%

 12.02%

(0.07%)

29,400

Al Khaleej Training

 6.63%

 6.57%

(0.06%)

27,000

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