Foreign investors hiked stakes in 57 listed firms on May 8

13/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 57 Tadawul-listed firms on Tuesday, May 8, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alujain Corporation and AXA Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.

 

Foreign investors raised their shareholdings in Alujain by 0.96 percent, and in AXA by 0.15 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alujain

4.69%

5.65%

+0.96%

664,320

AXA

27.61%

27.76%

+0.15%

67,500

Malath

21.42%

21.56%

+0.14%

70,000

Bupa Arabia

44.14%

44.28%

+0.14%

112,000

National Gypsum

1.48%

1.59%

+0.11%

34,833

 

Meanwhile, Saudi Vitrified Clay Pipes Co. (SVCP) and Saudi Indian Cooperative Insurance Co. (Wafa) saw the highest stock sales by foreign investors, with QFIs offloading 0.55 and 0.19 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SVCP

1.90%

1.35%

(0.55%)

82,500

Wafa

13.57%

13.38%

(0.19%)

19,675

Al Tayyar

11.80%

11.65%

(0.15%)

314,475

Amana

5.34%

5.20%

(0.14%)

19,600

Al Othaim

4.93%

4.80%

(0.13%)

117,000

 

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