Foreign investors hiked stakes in 42 listed firms on Sunday July 1

04/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Sunday, July 1, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

National Medical Care Co. (Care), Amana Cooperative Insurance Co. and Saudi Industrial Export Co. (SIECO) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Care by 0.29 percent, and in Amana and SIECO by 0.16 percent and 0.08 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Care

15.65%

 15.94%

+0.29%

130,065

Amana

 4.80%

 4.96%

+0.16%

22,400

SIECO

 1.58%

 1.66%

+0.08%

864

Al Tayyar

 11.81%

 11.88%

+0.07%

146,755

Kayan

 2.65%

 2.72%

+0.07%

1,050,000


Meanwhile, Saudi Indian Cooperative Insurance Co. (Wafa Insurance) and Taleem REIT Fund saw the highest stock sales by foreign investors, with QFIs offloading 0.28 percent and 0.24 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

 11.91%

 11.63%

(0.28%)

28,000

Taleem REIT

 0.60%

 0.36%

(0.24%)

68,400

Alhokair

 3.33%

 3.14%

(0.19%)

399,000

Alujain

 5.53%

 5.37%

(0.16%)

110,720

Al Sorayai

 2.72%

 2.62%

(0.10%)

22,500

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