Foreign investors hiked stakes in 25 listed firms on Sunday July 8

11/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 25 Tadawul-listed firms on Sunday, July 8, while 51 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Aldrees & Transport Services Co., Saudi Automated Services Co. (SASCO) and Saudi Company for Hardware (SACO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Aldrees by 0.23 percent, and in SASCO and SACO by 0.11 percent and 0.08 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aldrees

 2.69%

 2.92%

+0.23%

115,000

SASCO

 0.98%

 1.09%

+0.11%

66,000

SACO

 12.24%

 12.32%

+0.08%

19,200

Care

 16.55%

 16.61%

+0.06%

26,910

Wafa

 11.85%

 11.89%

+0.04%

4,000

 

Meanwhile, Amana Cooperative Insurance Co. and  Fawaz Abdulaziz Alhokair Co.’s (Alhokair) saw the highest stock sales by foreign investors, with QFIs offloading 0.27 percent and 0.20 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Amana

4.47%

 4.20%

(0.27%)

37,800

Alhokair

 3.01%

 2.81%

(0.20%)

420,000

Alujain

 5.45%

 5.30%

(0.15%)

103,800

Budget Saudi

 20.21%

 20.14%

(0.07%)

49,817

eXtra

 11.16%

 11.10%

(0.06%)

25,200

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