Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Al-Rajhi Bank decreased 0.6% - underperforming 92% of stocks 25 July 2017 16:47 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Al-Rajhi Bank, Saudi Arabia's largest bank by market capitalisation, has decreased 36.0 hallalah (or 0.6%) today to trade at SAR63.54 and has underperformed 92% of the market in the past month. Compared with the All Share Index (TASI) which fell 24.6 points (or 0.3%) in the day, this represented a relative price change of -0.2%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.8% in the last week and sank 5.9% in the last month.

Note

Al-Rajhi Bank today is at a discount of 9.3% to the 12-month high of SAR70.06 on 02 Jul, 2017. It is at a premium of 33.8% to the 12-month low of SAR47.49 on 10 Oct, 2016.

Bullish Signals:

The positive 0.31 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the last three months the stock has hit a new 52-week high thrice.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 5.9% [4.9%]

TODAY'S ALERTS

Afternoon Alert: Al-Rajhi Bank decreases 0.6%, leads Bank sector lower

25 July 2017 14:34 AST

Al Rajhi Bank (TASI:1120) has decreased 0.6% to trade at SAR63.50 vs. the Bank sector which weakened 16.6 points (or 0.2%) to 6,822.1. Representing a weighting of about 29.0% of the sector, the stock accounted for 75.8% of today's loss. The shares have underperformed 92% of the market in the past month. Trading volume was 92% of average so far today.

Morning Alert: Al-Rajhi Bank decreases 0.3%

25 July 2017 11:22 AST

Al Rajhi Bank (TASI:1120) traded on volume of 1.0 times average so far today while the price decreased 20.0 hallalah (or 0.3%) to trade at SAR63.70.

RECENT ALERTS

CLOSING UPDATE: Al-Rajhi Bank increased further 0.2% on robust volume

24 July 2017 16:47 AST

Al-Rajhi Bank, Saudi Arabia's largest bank by market capitalisation, traded on heavy volume of 1.6 times average today while the price increased 39.0 hallalah (or 0.6%) to trade at SAR63.90. Compared with the All Share Index (TASI) which fell 11.1 points (or 0.1%) in the day, this represented a relative price increase of 0.8%.

Afternoon Alert: Al-Rajhi Bank increases 0.5% on firm volume

24 July 2017 14:34 AST

Al Rajhi Bank (TASI:1120) traded on heavy volume of 1.3 times average so far today while the price increased 29.0 hallalah (or 0.5%) to trade at SAR63.80.

Al Rajhi Bank (SA:1120; SAU:1120; AB:1120)

ISIN: SA0007879113

PermID: 4295887325

Source: www.BuySellSignals.com