Foreign investors hiked stakes in 46 listed firms on Sunday

25/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 46 Tadawul-listed firms on Sunday, July 22, while 36 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Al Ahlia for Cooperative Insurance Co., Saudi Re for Cooperative Reinsurance Co. and Saudi Automotive Services Co. (SASCO) were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Al Ahlia by 0.17 percent, and in Saudi Re and SASCO by 0.16 percent and 0.08 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Al Ahlia

 9.01%

 9.18%

+0.17%

54,400

Saudi Re

 2.11%

 2.27%

+0.16%

129,600

SASCO

 2.36%

 2.44%

+0.08%

48,000

Care

 16.87%

 16.93%

+0.06%

26,910

Saudi German

 12.05%

 12.11%

+0.06%

55,224

 

Meanwhile, Aljazira Mawten REIT and Wataniya Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.13 percent and 0.11 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Aljazira REIT

 1.97%

 1.84%

(0.13%)

15,340

Wataniya

 10.98%

 10.87%

(0.11%)

22,000

SARCO

 1.65%

 1.56%

(0.09%)

13,500

AXA

 25.85%

 25.77%

(0.08%)

36,000

Chubb Arabia

 32.47%

 32.40%

(0.07%)

14,000

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