Foreign investors hiked stakes in 76 listed firms last Tuesday

15/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 76 Tadawul-listed firms on Tuesday, April 10, while 34 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United Electronics Co. (eXtra), Saudi Industrial Services Co. (SISCO) and Arabian Pipes Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in eXtra by 0.18 percent, and in SISCO and Arabian Pipes by 0.10 percent each.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

eXtra

 9.78%

9.96%

+0.18%

75,600

SISCO

 1.07%

 1.17%

+0.10%

81,600

Arabian Pipes

 1.45%

 1.55%

+0.10%

40,000

Al Ahli Takaful

 20.69%

 20.78%

+0.09%

15,000

Al Khaleej Training

 6.14%

 6.23%

+0.09%

36,000

 

Meanwhile, Ash-Sharqiyah Development Co. and Saudi Cable Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.24 and 0.13 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Ash-Sharqiyah

 0.95%

 0.71%

(0.24%)

18,000

Cable

 2.52%

 2.39%

(0.13%)

52,535

Aljazira REIT

 2.76%

 2.67%

(0.09%)

10,620

SIIG

 3.26%

 3.18%

(0.08%)

360,000

Astra

 15.94%

 15.88%

(0.06%)

48,000

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