Foreign investors hiked stakes in 31 listed firms on Monday

16/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 31 Tadawul-listed firms on Monday, Aug. 13, while 71 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Indian Cooperative Insurance Co. (Wafa Insurance), Methanol Chemicals Co. (Chemanol) and Arabian Pipes Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Wafa by 0.10 and Chemanol and Arabian Pipes by 0.08 percent and 0.06 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

 11.85%

 11.95%

+0.10%

10,000

Chemanol

 1.40%

 1.48%

+0.08%

96,480

Arabian Pipes

 1.64%

 1.70%

+0.06%

24,000

SIECO

 1.56%

 1.61%

+0.05%

540

Saudi German Hospitals

 11.66%

 11.71%

+0.05%

46,020

 

Meanwhile, Malath Cooperative Insurance Co. and Al Tayyar Travel Group saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent and 0.16 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Malath

 21.67%

21.50%

(0.17%)

85,000

Al Tayyar

 11.74%

 11.58%

(0.16%)

335,440

SADAFCO

 7.91%

 7.75%

(0.16%)

52,000

Najran Cement

 0.49%

 0.37%

(0.12%)

204,000

Wataniya

 10.56%

 10.44%

(0.12%)

24,000

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