Foreign investors hiked stakes in 57 listed firms on Feb. 19

22/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 57 Tadawul-listed firms on Monday, Feb. 19, while 40 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United International Transportation Co. Ltd. (Budget Saudi), Saudi Indian Company for Cooperative Insurance (Wafa), A Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Budget Saudi by 0.27 percent, and in Wafa and Al Rajhi Takaful by 0.17 percent and 0.12 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Budget Saudi

 13.13%

 13.40%

+0.27%

192,150

Wafa

 12.93%

 13.10%

+0.17%

17,604

Al Rajhi Takaful

 8.87%

 8.99%

+0.12%

48,000

eXtra

 6.84%

 6.95%

+0.11%

46,200

SACO

 8.73%

 8.81%

+0.08%

19,200

 

Meanwhile, Bupa Arabia for Cooperative Insurance and The Company for Cooperative Insurance (Tawuniya) saw the highest stock sales by foreign investors, with QFIs offloading 0.13 percent and 0.12 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Bupa Arabia

 41.71%

 41.58%

(0.13%)

104,000

Tawuniya

 4.64%

 4.52%

(0.12%)

150,000

Shams

 2.28%

 2.17%

(0.11%)

11,165

Anaam Holding

 1.32%

 1.21%

(0.11%)

21,560

SVCP

 2.68%

 2.58%

(0.10%)

15,000

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