Foreign investors hiked stakes in 71 listed firms on Monday July 9

12/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 71 Tadawul-listed firms on Monday, July 9, while 31 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Aldrees & Transport Services Co., Al Ahlia for Cooperative Insurance Co. and  Saudi Automated Services Co. (SASCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Aldrees by 0.30 percent, and in Al Ahlia and SASCO by 0.27 percent and 0.17 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aldrees

 2.92%

 3.22%

+0.30%

150,000

Al Ahlia

 8.69%

 8.96%

+0.27%

86,400

SASCO

 1.09%

 1.26%

+0.17%

102,000

Sadafco

 8.67%

 8.78%

+0.11%

35,750

Enaya

 15.83%

 15.94%

+0.11%

11,000

 

Meanwhile, Al Rajhi Company for Cooperative Insurance and Al Sagr Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.22 percent and 0.17 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Rajhi Takaful

 8.27%

 8.05%

(0.22%)

88,000

Al Sagr

 1.71%

 1.54%

(0.17%)

42,500

Saudi Paper

 1.75%

 1.63%

(0.12%)

54,000

Zamil

 1.15%

 1.04%

(0.11%)

66,000

Al Ahli Takaful

 19.73%

 19.63%

(0.10%)

16,667

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