Foreign investors hiked stakes in 46 listed firms last Thursday

16/01/2018 Argaam Special

 

Qualified foreign investors (QFIs) with shareholdings in Saudi-listed firms increased their stakes in 46 firms last Thursday, while 36 listed companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

National Medical Care Co. (Care), Chubb Arabia Cooperative Insurance Co. and Al Ma’athar REIT were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in National Medical Care Co. (Care) by 0.21 percent, and in Chubb Arabia and Ma’athar REIT by 0.1 and 0.08 percent respectively.

 

Top five stocks where QFIs increased stakes

Company

Previous stake

Current stake

Variation

Number of shares

Care

3.56%

3.77%

+0.21%

94,185

Chubb Arabia

32.12%

32.22%

+0.10%

20,000

Al Ma’athar REIT

1.47%

1.55%

+0.08%

49,096

Salama

8.16%

8.24%

+0.08%

20,000

AICC

32.24%

32.32%

+0.08%

21,200

 

Meanwhile, Malath Cooperative Insurance and Herfy Food Services saw the highest stock sales by foreign investors, with QFIs offloading 0.33 percent and 0.19 percent of their holdings respectively.

 

Top five stocks where QFIs offloaded stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

22.13%

21.80%

(0.33%)

165,000

Herfy

9.10%

8.91%

(0.19%)

122,892

Advanced

2.35%

2.17%

(0.18%)

354,229

Al Ahlia

9.55%

9.40%

(0.15%)

48,000

Gulf General

2.22%

2.14%

(0.08%)

16,000

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