Foreign investors hiked stakes in 50 firms on July 15

18/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 50 Tadawul-listed firms on Sunday, July 15, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Automotive Services Co. (SASCO), Saudi Arabia Refineries Co. (SARCO) and Aldrees Petroleum & Transport Services Co.  were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SASCO by 0.10 percent, and in SARCO and Aldrees by 0.09 percent and 0.05 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SASCO

 1.56%

 1.66%

+0.10%

60,000

SARCO

 1.47%

 1.56%

+0.09%

13,500

Aldrees

 3.61%

 3.66%

+0.05%

25,000

Thimar

 1.30%

 1.35%

+0.05%

5,000

FIPCO

 0.84%

 0.88%

+0.04%

4,600

 

Meanwhile, Saudi Industrial Export Co. (SIECO) and Halwani Bros Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.09 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SIECO

 1.60%

 1.38%

(0.22%)

2,376

Halwani

 3.82%

 3.73%

(0.09%)

25,714

Tihama

 1.84%

 1.76%

(0.08%)

6,000

Takween

 0.32%

 0.26%

(0.06%)

57,000

Amana

 4.11%

 4.05%

(0.06%)

8,400

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