Foreign investors hiked stakes in 56 listed firms last Tuesday

10/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 56 Tadawul-listed firms on Tuesday, June 5, while 52 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Abdulmohsen Alhokair Group for Tourism & Development Co. (Alhokair Group), United International Transportation Co. Ltd. (Budget Saudi) and Saudia Dairy and Foodstuff Co. (SADAFCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Alhokair Group by 0.31 percent, and in Budget Saudi and SADAFCO by 0.13 percent and 0.10 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alhokair Group

 3.54%

 3.85%

+0.31%

170,500

Budget Saudi

 19.61%

 19.74%

+0.13%

92,517

SADAFCO

 8.22%

 8.32%

+0.10%

32,500

SIECO

 1.55%

 1.62%

+0.07%

756

Dallah

 3.17%

 3.24%

+0.07%

41,300

 

Meanwhile, Al Ahli Takaful Co. and Al Khaleej Training and Education Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.39 and 0.32 percent of their holdings. respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Ahli Takaful

 20.77%

 20.38%

(0.39%)

65,000

Al Khaleej Training

 7.09%

 6.77%

(0.32%)

144,000

AXA

 27.18%

 26.88%

(0.30%)

135,000

Al Rajhi Takaful

 9.21%

 9.02%

(0.19%)

76,000

Al Sorayai

 2.38%

 2.24%

(0.14%)

31,500

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