Foreign investors hiked stakes in 41 listed firms on Monday

09/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 41 Tadawul-listed firms on Monday, Aug. 6, while 51 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Fawaz Abdulaziz Alhokair Co.’s (Alhokair), Bupa Arabia for Cooperative Insurance Co.  and Al Ahsa Development Co. were the top companies seeing further purchases by foreign investors. 

                                                                                               

Foreign investors raised their shareholdings in Alhokair by 0.41 percent, and in Bupa Arabia and Al Ahsa by 0.19 percent and 0.13 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alhokair

 3.08%

 3.49%

+0.41%

861,000

Bupa Arabia

 44.04%

 44.23%

+0.19%

152,000

Al Ahsa

 0.74%

 0.87%

+0.13%

63,700

Alandalus

 0.74%

 0.87%

+0.13%

91,000

BCI

 2.80%

 2.90%

+0.10%

27,500

 

Meanwhile, Aljazira Mawten REIT Fund and Saudi Industrial Export Co. (SIECO) saw the highest stock sales by foreign investors, with QFIs offloading 0.41 percent and 0.29 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aljazira REIT

 1.89%

 1.48%

(0.41%)

48,380

SIECO

 1.87%

 1.58%

(0.29%)

3,132

Dallah

 2.88%

 2.62%

(0.26%)

153,400

Amana

 4.07%

 3.95%

(0.12%)

16,800

SACO

 10.33%

 10.22%

(0.11%)

26,400

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