Foreign investors hiked stakes in 87 listed firms last Wednesday

09/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 87 Tadawul-listed firms on Wednesday, April 4, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

National Medical Care Co. (Care), Malath Cooperative Insurance Co., and Gulf General Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Care by 0.49 percent, and in Malath and Gulf General by 0.31 percent and 0.19 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Care

13.62%

14.11%

+0.49%

219,765

Malath

19.24%

19.55%

+0.31%

155,000

Gulf General

3.06%

3.25%

+0.19%

38,000

MEPCO

1.79%

1.91%

+0.12%

60,000

Alinma

3.35%

3.47%

+0.12%

1,800,000

 

Meanwhile, Walaa Cooperative Insurance Co. and Aldrees Petroleum and Transport Services Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.83 and 0.43 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Walaa

11.64%

10.81%

(0.83%)

332,000

Aldrees

2.94%

2.51%

(0.43%)

215,000

Cable

2.61%

2.41%

(0.20%)

80,823

SVCP

2.30%

2.11%

(0.19%)

28,500

Alhokair

3.33%

3.15%

(0.18%)

378,000

 

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