Foreign investors hiked stakes in 50 listed firms last Wednesday

26/02/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 50 Tadawul-listed firms on Wednesday, Feb. 21, while 47 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United International Transportation Co. Ltd. (Budget Saudi), National Medical Care Co. (Care) and Al Tayyar Travel Group were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Budget Saudi by 0.73 percent, and in Care and Al Tayyar by 0.71 percent and 0.31 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Budget Saudi

13.46%

14.19%

+0.73%

519,517

Care

9.23%

9.94%

+0.71%

318,435

Al Tayyar

9.27%

9.58%

+0.31%

649,915

SIECO

1.29%

1.53%

+0.24%

2,592

Wataniya

12.47%

12.65%

+0.18%

36,000

 

Meanwhile, Al Hammadi Company for Development and Investment and Tourism Enterprise Co. (Shams) saw the highest stock sales by foreign investors, with QFIs offloading 0.24 percent and 0.20 percent of their holdings respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Hammadi

3.20%

2.96%

(0.24%)

288,000

Shams

2.23%

2.03%

(0.20%)

20,300

Ash-Sharqiyah

1.04%

0.97%

(0.07%)

5,250

Aljazira REIT

2.21%

2.15%

(0.06%)

7,080

AXA

23.48%

23.43%

(0.05%)

22,500

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