Foreign investors hiked stakes in 45 listed firms last Thursday

13/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Thursday, Feb. 8, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudia Dairy and Foodstuff Co. (SADAFCO), United International Transportation Co. Ltd. (Budget Saudi) and National Medical Care Co. (Care) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in SADAFCO by 0.28 percent, and in Budget Saudi and Care by 0.23 and 0.19 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SADAFCO

7.57%

 7.85%

+0.28%

91,000

Budget Saudi

12.80%

 13.03%

+0.23%

163,683

Care

 8.58%

 8.77%

+0.19%

85,215

QACO

 0.97%

 1.12%

+0.15%

45,000

Herfy

 9.57%

 9.65%

+0.08%

51,744

 

Meanwhile, Al Ahlia for Cooperative Insurance Co. and Malath Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.27 percent and 0.22 percent of their holdings respectively.

 

 Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Ahlia

 9.66%

 9.39%

(0.27%)

86,400

Malath

 19.99%

 19.77%

(0.22%)

110,000

Saudi Re

 2.16%

 1.99%

(0.17%)

137,700

Alinma Tokio

 29.54%

 29.46%

(0.08%)

24,000

Alhokair

 4.31%

 4.23%

(0.08%)

168,000

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