Foreign investors hiked stakes in 78 listed firms last Wednesday

16/04/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 78 Tadawul-listed firms on Wednesday, April 11, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

United Electronics Co. (eXtra), Saudi Industrial Services Co. (SISCO) and Al Khaleej Training and Education Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in eXtra by 0.34 percent, and in SISCO and Al Khaleej Training by 0.16 percent each.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

eXtra

 9.96%

10.30%

+0.34%

142,800

SISCO

 1.17%

 1.33%

+0.16%

130,560

Al Khaleej Training

 6.23%

 6.39%

+0.16%

64,000

Malath

 19.64%

 19.76%

+0.12%

60,000

Bupa Arabia

 43.74%

 43.84%

+0.10%

80,000

 

Meanwhile, Gulf General Cooperative Insurance Co. and United International Transportation Co. Ltd. (Budget Saudi) saw the highest stock sales by foreign investors, with QFIs offloading 0.15 and 0.12 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Gulf General

 3.24%

 3.09%

(0.15%)

30,000

Budget Saudi

 18.75%

 18.63%

(0.12%)

85,400

Aldrees

 2.38%

 2.29%

(0.09%)

45,000

SARCO

 1.58%

 1.51%

(0.07%)

10,500

Advanced Industries

 1.22%

 1.16%

(0.06%)

30,000

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