Foreign investors hiked stakes in 52 listed firms on May 21

24/05/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 52 Tadawul-listed firms on Monday, May 21, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Anaam International Holding Group Co. (Anaam Holding), AlBaha Investment & Development Co. (AlBaha) and Saudi Paper Manufacturing Co. (SPM) were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Anaam Holding by 0.17 percent, and in AlBaha and Paper Manufacturing by 0.12 percent and 0.11 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Anaam Holding

0.74%

0.91%

+0.17%

33,320

AlBaha

1.27%

1.39%

+0.12%

18,000

Paper Manufacturing

1.65%

1.76%

+0.11%

49,500

Budget Saudi

19.54%

19.61%

+0.07%

49,817

Al Sorayai

1.74%

1.80%

+0.06%

13,500

 

Meanwhile, Herfy Food Services Co. and Buruj Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.33 and 0.23 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Herfy

8.11%

7.78%

(0.33%)

213,444

Buruj

1.06%

0.83%

(0.23%)

57,500

Nama

1.37%

1.21%

(0.16%)

37,632

Al Khodari

1.82%

1.74%

(0.08%)

42,500

SABB Takaful

1.22%

1.14%

(0.08%)

27,200

 

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