Foreign investors hiked stakes in 54 listed firms on Sunday

15/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 54 Tadawul-listed firms on Sunday, Aug. 12, while 35 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Co. for Hardware (SACO), Mulkia Gulf Real Estate REIT, Salama Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SACO by 0.19 and Mulkia REIT and Salama by 0.10 percent and 0.07 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

10.12%

 10.31%

+0.19%

45,600

Mukia REIT

 0.66%

 0.76%

+0.10%

60,000

Salama

 6.61%

 6.68%

+0.07%

17,500

AXA

 24.74%

 24.81%

+0.07%

31,500

SIECO

 1.52%

 1.56%

+0.04%

432

 

Meanwhile, Middle East Specialized Cables Co. (MESC) and Middle East Healthcare Co. (Saudi German Hospitals) saw the highest stock sales by foreign investors, with QFIs offloading 0.20 percent and 0.17 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

MESC

 1.14%

 0.94%

(0.20%)

120,000

Saudi German Hospitals

 11.83%

 11.66%

(0.17%)

156,468

Wafa

 12.00%

 11.85%

(0.15%)

15,000

Al Sorayai

 2.93%

 2.83%

(0.10%)

22,500

Al Khaleej Training

 5.47%

 5.40%

(0.07%)

31,500

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