Foreign investors hiked stakes in 95 listed firms last Thursday

24/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 95 Tadawul-listed firms on Thursday, April 19, while 38 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Sagr Cooperative Insurance Co., Walaa Cooperative Insurance Co. and Saudi Industrial Services Co. (SISCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Al Sagr by 0.61 percent, in Walaa by 0.37 percent, and in SISCO by 0.23 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Sagr

 1.21%

 1.82%

+0.61%

152,500

Walaa

 10.41%

 10.78%

+0.37%

148,000

SISCO

 2.29%

 2.52%

+0.23%

187,680

Al Khaleej Training

 6.48%

 6.66%

+0.18%

72,000

Malath

 20.48%

 20.63%

+0.15%

75,000

 

Meanwhile, Gulf General Cooperative Insurance Co. and Chubb Arabia Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.23 and 0.13 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Gulf General

 3.40%

 3.17%

(0.23%)

46,000

Chubb Arabia

 32.45%

 32.32%

(0.13%)

26,000

AICC

 32.33%

 32.22%

(0.11%)

29,150

Budget Saudi

 18.83%

 18.73%

(0.10%)

71,167

Care

 14.32%

 14.22%

(0.10%)

44,850

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