Foreign investors hiked stakes in 60 listed firms last Wednesday

21/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 60 Tadawul-listed firms on Wednesday, May 16, while 49 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alawwal Bank, Abdulmohsen Alhokair Group for Tourism and Development Co. (Alhokair Group) and Nama Chemicals Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Alawwal by 0.34 percent, and in Alhokair Group and Nama Chemicals by 0.24 percent and 0.20 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alawwal

 40.76%

 41.10%

+0.34%

3,886,445

Alhokair Group

 3.08%

 3.32%

+0.24%

132,000

Nama Chemicals

 1.14%

 1.34%

+0.20%

47,040

Saudi Cable

 2.16%

 2.36%

+0.20%

80,823

SACO

 10.45%

 10.62%

+0.17%

40,800

 

Meanwhile, Arabian Shield Cooperative Insurance Co. and Al Hammadi Co. for Development and Investment saw the highest stock sales by foreign investors, with QFIs offloading 0.16 and 0.13 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Arabian Shield

6.20%

6.04%

(0.16%)

32,000

Al Hammadi

2.93%

2.80%

(0.13%)

156,000

Buruj

1.65%

1.56%

(0.09%)

22,500

Saudi German Hospitals

11.93%

11.85%

(0.08%)

73,632

MEPCO

1.43%

1.37%

(0.06%)

30,000

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