Foreign investors hiked stakes in 59 listed firms last Monday

01/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 59 Tadawul-listed firms last Monday, while 44 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Company for Hardware (SACO) and Saudi Indian Company for Cooperative Insurance (Wafa) and Herfy Food Services Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SACO by 0.23 percent, and in Wafa and Herfy by 0.17 and 0.16 percent respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

8.09%

8.32%

+0.23%

55,200

Wafa

12.36%

12.53%

+0.17%

17,604

Herfy

8.93%

9.09%

+0.16%

103,488

MetLife AIG ANB

40.72%

40.83%

+0.11%

19,250

Gulf General

1.94%

2.04%

+0.10%

20,000

 

 Meanwhile, Tourism Enterprise Co. (Shams) and Alinma Tokio Marine Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.36 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

Shams

2.96%

2.60%

(0.36%)

36,540

Alinma Tokio

29.70%

29.52%

(0.18%)

54,000

Salama

11.84%

11.68%

(0.16%)

40,000

Musharaka REIT

0.61%

0.49%

(0.12%)

105,600

Astra

15.88%

15.81%

(0.07%)

56,000

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