Foreign investors hiked stakes in 53 listed firms last Wednesday

16/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Wednesday, July 11, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alujain Corp., Filing & Packaging Materials Manufacturing Co. (FIPCO) and Allied Cooperative Insurance Group (ACIG) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Alujain by 0.40 percent, and in FIPCO and ACIG by 0.15 percent and 0.13 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

5.32%

 5.72%

+0.40%

276,800

FIPCO

 0.75%

 0.90%

+0.15%

17,250

ACIG

 0.73%

 0.86%

+0.13%

26,000

eXtra

 11.24%

 11.36%

+0.12%

50,400

Al Ahli Takaful

 19.64%

 19.75%

+0.11%

18,333

 

Meanwhile, Salama Cooperative Insurance Co. and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.20 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 9.19%

 8.97%

(1.32%)

55,000

Amana

 4.18%

 3.98%

(0.28%)

28,000

Wafa

 11.83%

 11.67%

(0.24%)

16,000

Al Rajhi Takaful

 7.89%

 7.73%

(0.16%)

64,000

Dar Al Arkan

 3.77%

 3.67%

(0.10%)

1,080,000

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