Foreign investors hiked stakes in 60 listed firms on Sunday

02/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Sunday, April 29, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Salama Cooperative Insurance Co., Al Khaleej Training and Education Co. and Al Ahlia For Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Salama by 0.36 percent, and in Al Khaleej Training and Al Ahlia by 0.29 percent and 0.15 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 9.07%

 9.43%

+0.36%

90,000

Al Khaleej Training

 6.72%

 7.01%

+0.29%

130,500

Al Ahlia

 9.32%

 9.47%

+0.15%

48,000

Care

 14.69%

 14.79%

+0.10%

44,850

Malath

 20.86%

 20.96%

+0.10%

50,000

 

Meanwhile, Tihama Advertising & Public Relations Co. and National Agriculture and Marketing Co. (Thimar) saw the highest stock sales by foreign investors, with QFIs offloading 0.42 and 0.34 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Tihama

 1.96%

 1.54%

(0.42%)

31,500

Thimar

 1.73%

 1.39%

(0.34%)

34,000

Aljazira REIT

 2.38%

 2.08%

(0.30%)

35,400

SPPC

 0.63%

 0.45%

(0.18%)

108,000

Nama Chemicals

 1.72%

 1.54%

(0.18%)

42,336

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