Foreign investors hiked stakes in 44 listed firms on Sunday

08/08/2018 Argaam Special

 

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

 

Gulf Union Cooperative Insurance Co., Fawaz Abdulaziz Alhokair Co.’s (Alhokair) and AlAhli REIT Fund (1) were the top companies seeing further purchases by foreign investors. 

                                                                                               

Foreign investors raised their shareholdings in Gulf Union by 0.17 percent, and in Alhokair and AlAhli REIT (1) by 0.15 percent and 0.14 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Gulf Union

 3.13%

 3.30%

+0.17%

25,500

Alhokair

 2.93%

 3.08%

+0.15%

315,000

AlAhli REIT (1)

 0.22%

 0.36%

+0.14%

192,500

Bupa Arabia

 43.92%

 44.04%

+0.12%

96,000

Wafa

 12.26%

 12.37%

+0.11%

11,000

 

Meanwhile, AlAhli Takaful Co. and Al Ahlia for Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.59 percent and 0.18 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

AlAhli Takaful

 19.72%

 19.13%

(0.59%)

98,333

Al Ahlia

 8.98%

 8.80%

(0.18%)

57,600

Dallah

 3.05%

 2.88%

(0.17%)

100,300

SACO

 10.39%

 10.33%

(0.06%)

14,400

Chubb Arabia

 32.45%

 32.39%

(0.06%)

12,000

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