Foreign investors hiked stakes in 40 listed firms last Wednesday

13/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Wednesday, Aug. 8, while 48 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Gulf Union Cooperative Insurance Co., Fawaz Abdulaziz Alhokair Co. (Alhokair) and Saudi Industrial Export Co. (SIECO) were the top companies seeing further purchases by foreign investors. 

                                                                                               

Foreign investors raised their shareholdings in Gulf Union by 0.36 and Alhokair and SIECO by 0.28 percent and 0.13 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Gulf union

 3.48%

 3.84%

+0.36%

54,000

Alhokair

 3.47%

 3.75%

+0.28%

588,000

SIECO

 1.68%

 1.81%

+0.13%

1,404

Enaya

 15.78%

 15.91%

+0.13%

13,000

Ashsharqiyah

 0.80%

 0.88%

+0.08%

6,000

 

Meanwhile, Salama Cooperative Insurance Co. and Saudia Dairy & Foodstuff Co. (SADAFCO) saw the highest stock sales by foreign investors, with QFIs offloading 0.24 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

 6.91%

 6.67%

(0.24%)

60,000

Anaam

 8.26%

 8.06%

(0.20%)

65,000

Wafa

 12.26%

 12.09%

(0.17%)

17,000

Enaya

 19.05%

 18.89%

(0.16%)

26,667

FIPCO

 5.98%

 5.85%

(0.13%)

89,960

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