Foreign investors hiked stakes in 47 listed firms last Wednesday

06/08/2018 Argaam Special

 

Qualified foreign investors (QFIs) increased their stakes in 47 Tadawul-listed firms on Wednesday, Aug. 1, while 45 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.

 

Alandalus Property Co., AlBaha Investment & Development Co. and Chubb Arabia Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors. 

                                                                                               

Foreign investors raised their shareholdings in Alandalus by 0.10 percent, and in AlBaha and Chubb Arabia by 0.06 percent and 0.04 percent, respectively.

 

Top Five Stocks Where QFIs Increased Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Alandalus

 0.58%

 0.68%

+0.10%

70,000

AlBaha

 1.70%

 1.76%

+0.06%

9,000

Chubb Arabia

 32.41%

 32.45%

+0.04%

8,000

Tihama

 1.90%

 1.94%

+0.04%

3,000

Al Yamamah Steel

 0.79%

 0.83%

+0.04%

20,320

 

Meanwhile, Saudi Enaya Cooperative Insurance Co. and Salama Cooperative Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.19 percent and 0.18 percent of their holdings, respectively.

 

Top Five Stocks Where QFIs Offloaded Stakes

Company

Previous stake

Current stake

Variation

Number of shares

Enaya

 16.26%

 16.07%

(0.19%)

19,000

Salama

 7.62%

 7.44%

(0.18%)

45,000

Al Sorayai

 3.05%

 2.95%

(0.10%)

22,500

Dallah

 3.25%

 3.16%

(0.09%)

53,100

SACO

 10.52%

 10.45%

(0.07%)

16,800

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