Foreign investors hiked stakes in 48 listed firms last Thursday

14/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 48 Tadawul-listed firms on Thursday, Aug. 9, while 47 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Enaya Cooperative Insurance Co., AXA Cooperative Insurance Co. and Saudi Arabia Refineries Co. (SARCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Saudi Enaya by 0.37 and AXA and SARCO by 0.11 percent and 0.10 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Enaya

 15.91%

 16.28%

+0.37%

37,000

AXA

 24.63%

 24.74%

+0.11%

49,500

SARCO

 1.44%

 1.54%

+0.10%

15,000

Arabian Shield

 6.07%

 6.17%

+0.10%

30,000

Trade Union

 1.17%

 1.23%

+0.06%

16,500

 

Meanwhile, Saudi Industrial Export Co. (SIECO) and Gulf Union Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.29 percent and 0.23 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SIECO

 1.81%

 1.52%

(0.29%)

3,132

Gulf Union

 3.84%

 3.61%

(0.23%)

34,500

Al Tayyar

 11.88%

 11.74%

(0.14%)

293,510

SADAFCO

 8.06%

 7.93%

(0.13%)

42,250

Wataniya

 10.68%

 10.55%

(0.13%)

26,000

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