Foreign investors hiked stakes in 42 listed firms last Tuesday

29/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 42 Tadawul-listed firms on Tuesday, July 24, while 50 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Enaya Cooperative Insurance Co., Saudi Automotive Services Co. (SASCO) and Saudi Kayan Petrochemical Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Enaya by 0.21 percent, and in SASCO and Kayan by 0.14 percent and 0.11 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Enaya

 16.04%

 16.25%

+0.21%

21,000

SASCO

 2.57%

 2.71%

+0.14%

84,000

Kayan

 2.87%

 2.98%

+0.11%

1,650,000

SIECO

 1.26%

 1.37%

+0.11%

1,188

Tihama

 1.97%

 2.03%

+0.06%

4,500

 

Meanwhile, Salama Cooperative Insurance Co. and Middle East Healthcare Co. (Saudi German Hospitals) saw the highest stock sales by foreign investors, with QFIs offloading 0.21 percent and 0.17 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

 8.19%

 7.98%

(0.21%)

52,500

Saudi German Hospitals

 12.12%

 11.95%

(0.17%)

156,468

Wafa

 12.23%

 12.10%

(0.13%)

13,000

SACO

 12.38%

 12.25%

(0.13%)

31,200

FIPCO

 1.01%

 0.90%

(0.11%)

12,650

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