Foreign investors hiked stakes in 65 listed firms last Tuesday

06/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 65 Tadawul-listed firms on Tuesday, May 1, while 46 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

National Medical Care Co. (Care) and Abdulmohsen Alhokair Group for Tourism & Development Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Care by 0.14 percent and in Alhokair Group by 0.10 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Care

15.07%

15.21%

+0.14%

62,790

Alhokair Group

2.46%

2.56%

+0.10%

55,000

Al Tayyar

11.49%

11.58%

+0.09%

188,685

Budget

18.06%

18.15%

+0.09%

64,050

Bupa Arabia

43.92%

43.99%

+0.07%

56,000

 

Meanwhile, Bank Aljazira and Saudi Paper Manufacturing Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.11 and 0.09 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aljazira

6.72%

6.61%

(0.11%)

902,000

Saudi Paper

1.74%

1.65%

(0.09%)

40,500

MetLife AIG ANB

40.69%

40.61%

(0.08%)

14,400

Cable

2.27%

2.20%

(0.07%)

28,288

SVCP

2.05%

1.98%

(0.07%)

10,500

 

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