Foreign investors hiked stakes in 47 listed firms on Monday

25/01/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 47 Tadawul-listed firms on Monday, while 39 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Salama Cooperative Insurance Co., Dallah Healthcare Co. and Saudi Company for Hardware (SACO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Salama by 0.84 percent, and in Dallah and SACO by 0.17 and 0.16 percent respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Salama

9.00%

 9.84%

+0.84%

210,000

Dallah

 3.85%

 4.02%

+0.17%

100,300

SACO

 7.88%

 8.04%

+0.16%

38,400

Care

 5.93%

 6.07%

+0.14%

62,790

Ash-Sharqiyah

 0.73%

 0.86%

+0.13%

9,750

 

Meanwhile, Saudi Ground Services Co. (SGS) and Malath Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.24 percent of their holdings in each of them.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SGS

0.55%

 0.31%

(0.24%)

451,200

Malath

 21.20%

 20.96%

(0.24%)

120,000

Wafa

 12.75%

 12.60%

(0.15%)

15,533

Amana

 5.14%

 5.00%

(0.14%)

19,600

Alinma Tokio

 29.63%

 29.57%

(0.06%)

18,000

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