Foreign investors hiked stakes in 57 listed firms on Thursday June 28

03/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 57 Tadawul-listed firms on Thursday, June 28, while 51 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Enaya Cooperative Insurance Co., Saudi Indian Cooperative Insurance Co. (Wafa Insurance) and Malath Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

 

 Foreign investors raised their shareholdings in Enaya by 0.21 percent, and in Wafa and Malath by 0.18 percent and 0.15 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Enaya

15.66%

15.87%

+0.21%

21,000

Wafa

 11.73%

 11.91%

+0.18%

18,000

Malath

 21.65%

 21.80%

+0.15%

75,000

Salama

 9.37%

 9.50%

+0.13%

32,500

Tawuniya

 4.52%

 4.63%

+0.11%

137,500

 

Meanwhile, Al Khaleej Training and Education Co. and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.29 percent of their holdings, in each.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Khaleej Training

 5.91%

 5.62%

(0.29%)

130,500

Amana

 5.09%

 4.80%

(0.29%)

40,600

eXtra

 11.62%

 11.44%

(0.18%)

75,600

SAPTCO

 0.70%

 0.57%

(0.13%)

162,500

Savola

 4.67%

 4.56%

(0.11%)

587,379

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