Foreign investors hiked stakes in 56 listed firms on Monday July 2

05/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 56 Tadawul-listed firms on Monday, July 2, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Mulkia REIT Fund, Aldrees Petroleum & Transport Services Co. and Ash-Sharqiyah Development Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Mulkia REIT by 0.19 percent, and in Aldrees and Ash-Sharqiyah by 0.14 percent and 0.13 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Mulkia REIT

0.49%

0.68%

+0.19%

114,000

Aldrees

 1.96%

 2.10%

+0.14%

70,000

Ash-Shaqrqiyah

 0.71%

 0.84%

+0.13%

9,750

Kayan

 2.72%

 2.81%

+0.09%

1,350,000

Thimar

 1.37%

 1.45%

+0.08%

8,000

 

Meanwhile, Malath Cooperative Insurance Co. and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.33 percent and 0.24 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

 21.86%

 21.53%

(0.33%)

165,000

Amana

 4.96%

 4.72%

(0.24%)

33,600

Enaya

 15.91%

 15.74%

(0.17%)

17,000

Tihama

 1.82%

 1.72%

(0.10%)

7,500

Musharaka REIT

 0.37%

 0.29%

(0.08%)

70,400

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