Foreign investors hiked stakes in 44 listed firms on Thursday July 5

10/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 44 Tadawul-listed firms on Thursday, July 5, while 42 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Aldrees & Transport Services Co., Saudi Automated Services Co. (SASCO) and Saudi Industrial Export Co. (SIECO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Aldrees by 0.46 percent, and in SASCO and SIECO by 0.13 percent and 0.07 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aldrees

 2.23%

 2.69%

+0.46%

230,000

SASCO

 0.85%

 0.98%

+0.13%

78,000

SIECO

 1.63%

 1.70%

+0.07%

756

Al Sorayai

 2.35%

 2.42%

+0.07%

15,750

Tihama

 1.74%

 1.79%

+0.05%

3,750

 

Meanwhile, Fawaz Abdulaziz Alhokair Co.’s (Alhokair) and Saudi Indian Cooperative Insurance Co. (Wafa Insurance) saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent and 0.07 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alhokair

 3.18%

 3.01%

(0.17%)

357,000

Wafa

 11.92%

 11.85%

(0.07%)

7,000

Enaya

 15.86%

 15.79%

(0.07%)

7,000

Sahara

 1.31%

 1.27%

(0.04%)

175,518

MESC

 1.30%

 1.26%

(0.04%)

24,000

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