Foreign investors hiked stakes in 67 listed firms last Thursday

20/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 67 Tadawul-listed firms on Thursday, Feb. 15, while 38 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

AXA Cooperative Insurance Co., United Electronics Co. (eXtra) and Al Tayyar Travel Group were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in AXA by 0.32 percent, and in eXtra and Al Tayyar by 0.20 percent and 0.15 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

AXA

23.36%

 23.68%

+0.32%

144,000

eXtra

 6.53%

 6.73%

+0.20%

84,000

Al Tayyar

 8.84%

 8.99%

+0.15%

314,475

Shams

 2.25%

 2.36%

+0.11%

11,165

Wafa

 12.58%

 12.68%

+0.10%

10,355

 

Meanwhile, Wataniya Insurance Co. and Alujain Corporation saw the highest stock sales by foreign investors, with QFIs offloading 0.28 percent and 0.24 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wataniya

 12.73%

12.45%

(0.28%)

56,000

Alujain

 7.16%

 6.92%

(0.24%)

166,080

Al Ahli Takaful

 22.65%

 22.46%

(0.19%)

31,667

Al Ahsa

 1.19%

 1.00%

(0.19%)

93,100

Arabian Shield

 5.89%

 5.72%

(0.17%)

34,000

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