Foreign investors hiked stakes in 63 listed firms last Tuesday

22/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 63 Tadawul-listed firms on Tuesday, July 17, while 33 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Aljazira Mawten REIT Fund, Amana Cooperative Insurance Co. and Tihama Advertising & Public Relations Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Aljazira REIT by 0.35 percent, and in Amana and Tihama by 0.31 percent and 0.20 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aljazira REIT

 1.45%

 1.80%

+0.35%

41,300

Amana

 4.00%

 4.31%

+0.31%

43,400

Tihama

 1.83%

 2.03%

+0.20%

15,000

Alujain

 5.74%

 5.85%

+0.11%

76,120

FIPCO

 0.92%

 1.00%

+0.08%

9,200

 

Meanwhile, Salama Cooperative Insurance Co. and Saudi Industrial Export Co. (SIECO) saw the highest stock sales by foreign investors, with QFIs offloading 0.37 percent and 0.13 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 8.95%

 8.58%

(0.37%)

92,500

SIECO

 1.45%

 1.32%

(0.13%)

1,404

Care

 16.75%

 16.65%

(0.10%)

44,850

Chubb Arabia

 32.50%

 32.41%

(0.09%)

18,000

AXA

 26.37%

 26.28%

(0.09%)

40,500

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