Foreign investors hiked stakes in 63 listed firms on June 25

28/06/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 63 Tadawul-listed firms on Monday, June 25, while 55 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Middle East Paper Co. (MEPCO) and Al Tayyar Travel Group Holding Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in MEPCO by 0.10 percent and in Al-Tayyar by 0.08 percent.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

MEPCO

1.60%

1.70%

+0.10%

50,000

Al Tayyar

 11.71%

11.79%

+0.08%

167,720

Bupa Arabia

43.82%

43.88%

+0.06%

48,000

Yanbu Cement

0.67%

0.73%

+0.06%

94,500

Saudi Fisheries

0.53%

0.59%

+0.06%

12,000

 

Meanwhile, Saudi Indian Cooperative Insurance Co. (Wafa Insurance) saw the highest stock sales by foreign investors, with QFIs offloading 0.70 percent of their holdings.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

 21.56%

 11.86%

(0.70%)

70,000

Malath

 22.11%

 21.64%

(0.47%)

235,000

Alinma

 4.01%

3.73%

(0.28%)

420,000

eXtra

12.23%

12.09%

(0.14%)

58,800

Ash-Sharqiyah

 0.79%

 0.69%

(0.10%)

7,500

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