Foreign investors hiked stakes in 71 listed firms on May 7

10/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Monday, May 7, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Khaleej Training & Education Co., Jazan Energy & Development Co. (JAZADCO) and National Gypsum Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Al Khaleej Training by 0.35 percent, JAZADCO by 0.26 percent and in National Gypsum by 0.25 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Khaleej Training

 7.40%

 7.75%

+0.35%

157,500

JAZADCO

 0.68%

 0.94%

+0.26%

130,000

National Gypsum

 1.23%

 1.48%

+0.25%

79,167

Amana

 5.21%

 5.34%

+0.13%

18,200

Budget Saudi

 18.66%

 18.77%

+0.11%

78,283

 

Meanwhile, Saudi Indian Cooperative Insurance Co. (Wafa) and Saudi Vitrified Clay Pipes Co. (SVCP) saw the highest stock sales by foreign investors, with QFIs offloading 0.18 and 0.12 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

 13.75%

 13.57%

(0.18%)

18,639

SVCP

 2.02%

 1.90%

(0.12%)

18,000

Thimar

 1.37%

 1.27%

(0.10%)

10,000

Zamil

 1.36%

 1.26%

(0.10%)

60,000

MEPCO

 1.49%

 1.40%

(0.09%)

45,000

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