Foreign investors hiked stakes in 42 listed firms on Sunday

01/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Sunday, July 29, while 46 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

AlBaha Investment & Development Co., Hail Cement Co. and National Agriculture Marketing Co. (Thimar) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in AlBaha by 0.14 percent, and in Hail Cement and Thimar by 0.08 percent, each.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

AlBaha

 1.54%

 1.68%

+0.14%

21,000

Hail Cement

 1.00%

 1.08%

+0.08%

78,320

Thimar

 1.45%

 1.53%

+0.08%

8,000

Aljazira REIT

 1.82%

 1.88%

+0.06%

7,080

Al Yamamah Steel

 0.74%

 0.79%

+0.05%

25,400

 

Meanwhile, Saudi Industrial Services Co. (SISCO) and Saudi Co. for Hardware (SACO) saw the highest stock sales by foreign investors, with QFIs offloading 0.79 percent and 0.31 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SISCO

 2.09%

 1.30%

(0.79%)

644,640

SACO

 11.27%

 10.96%

(0.31%)

74,400

AXA

 24.84%

 24.68%

(0.16%)

72,000

SIIG

 3.79%

 3.66%

(0.13%)

585,000

Walaa

 9.54%

 9.41%

(0.13%)

57,200

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