Foreign investors hiked stakes in 43 listed firms last Thursday

31/07/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 43 Tadawul-listed firms on Thursday, July 26, while 60 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Hail Cement Co., Tabuk Cement Co. and Saudi Kayan Petrochemical Co. were the top companies seeing further purchases by foreign investors. 

 

Foreign investors raised their shareholdings in Hail Cement by 0.32 percent, and in Tabuk Cement and Kayan by 0.21 percent and 0.20 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Hail Cement

 0.68%

 1.00%

+0.32%

313,280

Tabuk Cement

 1.24%

 1.45%

+0.21%

189,000

Kayan

 3.01%

 3.21%

+0.20%

3,000,000

Wafa

 12.19%

 12.27%

+0.08%

8,000

SIDC

 1.18%

 1.25%

+0.07%

28,000

 

Meanwhile, Saudi Co. for Hardware (SACO) and AXA Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.87 percent and 0.32 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

SACO

 12.14%

 11.27%

(0.87%)

208,800

AXA

 25.16%

 24.84%

(0.32%)

144,000

Salama

 7.96%

 7.67%

(0.29%)

72,500

SISCO

 2.31%

 2.09%

(0.22%)

179,520

Takaful Al Rajhi

 7.50%

 7.28%

(0.22%)

88,000

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