KSA - Foreign investors hiked stakes in 58 listed firms
Tuesday, 10 08 2019, Category: Economy, Country: Saudi Arabia
Qualified foreign investors (QFIs) increased their stakes in 58 Tadawul-listed firms on Thursday, Oct. 3, while 50 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Shares of Aldrees Petroleum and Transport Services Co. topped the list of companies seeing increased purchases by foreign investors by 2.76 percent, followed by Saudi Automotive Services Co. (SASCO) at 1.72 percent.
Meanwhile, Amana Cooperative Insurance Co. and Saudi Co. for Hardware (SACO) saw the highest stock sales by foreign investors, with QFIs offloading 0.17 percent and 0.10 percent, respectively.