Foreign investors raised stakes in 52 listed firms last Sunday

31/01/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased shareholdings in 52 Tadawul-listed firms last Sunday, while 40 companies saw foreign investors reducing stakes, market data compiled by Argaam showed.

 

Fawaz Abdulaziz Alhokair Co. (Alhokair), National Medical Care Co. (Care) and Buruj Cooperative Insurance Co. were the main firms that witnessed further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Alhokair by 0.22 percent, and in Care and Buruj by 0.20 and 0.09 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alhokair

 3.53%

 3.75%

+0.22%

462,000

Care

 6.12%

 6.32%

+0.20%

89,700

Buruj

 2.25%

 2.34%

+0.09%

22,500

Al Rajhi

 3.81%

 3.89%

+0.08%

1,300,000

Budget

10.74%

 10.80%

+0.06%

42,700

 
Saudi Indian Company for Cooperative Insurance (Wafa) and Gulf General Cooperative Insurance Co. (Gulf General) saw the largest sale by foreign investors, with QFIs offloading 0.15 percent and 0.10 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

12.51%

 12.36%

(0.15%)

15,533

Gulf General

 2.04%

 1.94%

(0.10%)

20,000

Amana

 5.13%

 5.04%

(0.09%)

12,600

Arabian Pipes

 0.87%

 0.79%

(0.08%)

32,000

SIECO

 1.59%

 1.52%

(0.07%)

756

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