Saudi Arabian stock alert


Morning Alert: Saudi Enaya Cooperative Insurance lifts 2.8% - outperforming 98% of stocks 18 October 2017 11:28 AST


Saudi Enaya Cooperative Insurance Company (TASI:8311) has lifted 64.0 hallalah (or 2.8%) today to trade at SAR23.82 and has outperformed 98% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Saudi Enaya Cooperative Insurance climbs, 2 weeks' volume in a week October 17, 2017 15:30 AST

Saudi Enaya Cooperative Insurance Company (TASI:8311), Saudi Arabia's 26th largest Insurance company by market cap, has lifted SAR1.06 (or 4.8%) in the past week to close at SAR23.18. The volume was 2 times average weekly trading of 3.4 million shares. Compared with the All Share Index (TASI) which fell 49.0 points (or 0.7%) in the week, this represented a relative price increase of 5.5%. In the past week the market cap has risen SAR21.2 million.

1.2 5-day Recap

Saudi Enaya Cooperative Insurance outperformed the All Share index (TASI) in 3 out of 5 days.

DayHeadlineClose price [SAR]Price change %Relative change %Comment
MondaySaudi Enaya Cooperative Insurance in its biggest weekly gain in 1 month23.643.73.1VI=3.7
SundaySaudi Enaya Cooperative Insurance jumps 7.5% on strong volume22.87.57.8Top Rise; VI=2.8
ThursdaySaudi Enaya Cooperative Insurance outperforms 98% of the market21.22.41.5


DayHeadlineClose price [SAR]Price change %Relative change %Comment
TuesdaySaudi Enaya Cooperative Insurance decreases 1.9%, 2 days' volume in a day23.18-1.9-2.2
WednesdaySaudi Enaya Cooperative Insurance tumbles 6.4%20.7-6.4-4.3Steepest Fall

SECTION 2: Technical indicators


The positive 0.37 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.

In the last three months the stock has hit a new 52-week high six times, pointing to an uptrend.

The present value of SAR1,000 invested one year ago is SAR2,050 [vs SAR1,274 for the All Share Index (TASI)], for a capital gain of SAR1,050. The total return to shareholders for 1 year is 105.0%.


The stock is at a discount of 12.4% to the 12-month high of SAR27.20 on 17 Sep, 2017. It is also at a premium of 121.6% to the 12-month low of SAR10.75 on 20 Oct, 2016.


The price dropped 3.6% in the last month.

SECTION 3: Ranking

DescriptionValueRank In Market
Price/MAP2001.33In Top 4%
MCap $US million126.8In Bottom Quartile
52-week Range (in SAR)10.8-27.2
1-month Range (in SAR)20.3-26.8
Today's Volatility %4.3In Bottom 2%

SECTION 4: Earnings

FY2016 Annual Report: Saudi Enaya Cooperative Insurance reports Loss of SAR28.6m ($US7.6m)

Saudi Enaya Cooperative Insurance (TASI:8311) reported loss for the year-ended 31 December 2016 of SAR28.6m ($US7.6m).


- Net tangible assets per share of SAR8.42 ($US2)

- Loss SAR28.6m ($US7.6m)

- EPS of -SAR1.29 (-US34.4c)

- Losses in all of the last 5 years

- Total Liabilities to Operating Cash Flow of 21.8: this compares unfavourably with the Joseph Piotroski benchmark of less than 4

- Total liabilities to Total assets of 0.5

- Current ratio of 6.3

- Working capital to total assets of 52.1%

- EBIT to total assets of -8.7%

Saudi Enaya Cooperative Insurance Company (SA:8311; SAU:8311; AB:8311)

ISIN: SA12U0541RH2

PermID: 5036774056