Foreign investors hiked stakes in 78 listed firms last Tuesday

22/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 78 Tadawul-listed firms on Tuesday, April 17, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Industrial Services Co. (SISCO), United International Transportation Co. Ltd. (Budget Saudi) and Tourism Enterprise Co. (Shams) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SISCO by 0.45 percent, in Budget Saudi by 0.29 percent, and in Shams by 0.27 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SISCO

 1.61%

 2.06%

+0.45%

367,200

Budget Saudi

 18.45%

 18.74%

+0.29%

206,383

Shams

 1.29%

 1.56%

+0.27%

27,405

SVCP

 1.91%

 2.05%

+0.14%

21,000

Al Tayyar

 11.14%

 11.25%

+0.11%

230,615

 

Meanwhile, Alujain Corporation and Ash-Sharqiyah Development Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.36 and 0.26 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

 6.03%

 5.67%

(0.36%)

249,120

Ash-Sharqiyah

 1.10%

 0.84%

(0.26%)

19,500

Aljazira REIT

 2.70%

 2.48%

(0.22%)

25,960

ACIG

 1.17%

 1.00%

(0.17%)

34,000

Al Babtain

 0.57%

 0.41%

(0.16%)

68,210

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read