Foreign investors hiked stakes in 48 listed firms last Tuesday

11/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 48 Tadawul-listed firms on Tuesday, Feb. 6, while 59 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United International Transportation Co. Ltd. (Budget Saudi), Halwani Bros Co. and Al Ahlia for Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Budget Saudi by 0.27 percent, and in Halwani and Al Ahlia by 0.17 and 0.13 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Budget Saudi

12.12%

12.39%

+0.27%

192,150

Hawani

3.66%

3.83%

+0.17%

48,571

Al Ahlia

9.56%

9.69%

+0.13%

41,600

Alinma Tokio

29.44%

29.54%

+0.10%

30,000

AICC

32.33%

32.40%

+0.07%

18,550

 

Meanwhile, Abdullah A Othaim Markets Co. and Salama Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.29 percent and 0.27 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Othaim

5.32%

5.03%

(0.29%)

130,500

Salama

11.48%

11.21%

(0.27%)

67,500

Chubb Arabia

32.36%

32.21%

(0.15%)

30,000

Aljazira REIT

2.52%

2.40%

(0.12%)

14,160

Malath

19.98%

19.87%

(0.11%)

55,000

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