Foreign investors hiked stakes in 45 listed firms on Tuesday July 3

08/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 45 Tadawul-listed firms on Tuesday, July 3, while 38 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Saudi Indian Cooperative Insurance Co. (Wafa Insurance), Saudi Marketing Co. (Farm Superstores) and Aldrees Petroleum & Transport Services Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Wafa by 0.21 percent, and in Farm Superstore and Aldrees by 0.07 percent, each.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Wafa

 11.71%

11.92%

+0.21%

21,000

Farm Superstores

 0.66%

 0.73%

+0.07%

31,500

Aldrees

 2.10%

 2.17%

+0.07%

35,000

Enaya

 15.74%

 15.81%

+0.07%

7,000

SASCO

 0.71%

 0.76%

+0.05%

30,000

 

Meanwhile, Alinma Bank and Amana Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.18 percent of their holdings, in each.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alinma

 3.71%

3.53%

(0.18%)

2,700,000

Amana

 4.72%

 4.54%

(0.18%)

25,200

Aljazira REIT

 1.46%

 1.33%

(0.13%)

15,340

Thimar

 1.45%

 1.35%

(0.10%)

10,000

SARCO

 1.61%

 1.54%

(0.07%)

10,500

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