Foreign investors hiked stakes in 53 listed firms on Monday

19/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 53 Tadawul-listed firms on Monday, July 16, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Sorayai Trading & Industrial Group Co., Saudi Automotive Services Co. (SASCO) and Chubb Arabia Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in A Sorayai by 0.33 percent, and in SASCO and Chubb Arabia by 0.18 percent and 0.12 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SASCO

 2.72%

 3.05%

+0.33%

74,250

SARCO

 1.66%

 1.84%

+0.18%

108,000

Aldrees

 32.38%

 32.50%

+0.12%

24,000

Thimar

 21.77%

 21.88%

+0.11%

55,000

FIPCO

 1.38%

 1.45%

+0.07%

756

 

Meanwhile, Saudi Cable Co. and Saudi Enaya Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.36 percent and 0.26 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Cable

 2.12%

 1.76%

(0.36%)

145,481

Enaya

 16.08%

 15.82%

(0.26%)

26,000

Aldrees

 3.66%

 3.61%

(0.05%)

25,000

Aljazira

 5.30%

 5.25%

(0.05%)

410,000

Amana

 4.05%

 4.00%

(0.05%)

7,000

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