Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Etihad Etisalat continues significant uptrend, lifts 3.6% 20 May 2018 16:48 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).

Etihad Etisalat, Saudi Arabia's 2nd largest telecommunication company by market capitalisation, continued its significant uptrend and lifted 68.0 hallalah (or 3.6%) to trade at SAR19.36 today. Compared with the All Share Index (TASI) which rose 1.2 points (or 0.02%) in the day, this represented a relative price increase of 3.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.73 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Saudi Arabian market, the stock's relative price strength percentile is rising at 97 for 6 months, 97 for 3 months and 98 for 1 month.

+ The price jumped 8.8% in the last week and soared 24.4% in the last month.

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

Undervaluation:

+ Price/Sales of 1.3 [2.6]

+ Price to Book of 1.1 [2.9]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

Note

Etihad Etisalat today is at a discount of 9.9% to the 12-month high of SAR21.50 on 22 May, 2017. It is at a premium of 49.6% to the 12-month low of SAR12.94 on 26 Oct, 2017.

TODAY'S ALERTS

Afternoon Alert: Etihad Etisalat up 8.9% in 2 days

20 May 2018 14:38 AST

Etihad Etisalat Co (TASI:7020) extended its gains on Sunday, rising an additional 80.0 hallalah (or 4.3%) to trade at SAR19.48. Trading volume was 1.6 times average so far today. The shares have risen SAR1.60 (or 8.9%) over the past two trading days vs. the All Share Index (TASI) which has risen 0.7% in the same period.

Morning Alert: Etihad Etisalat in 2nd consecutive rise, nears a 14-month high

20 May 2018 11:25 AST

Etihad Etisalat Co (TASI:7020) extended its gains Sunday, rising an additional 58.0 hallalah (or 3.1%) to trade at SAR19.26. The stock climbed 4.47% on Thursday bringing its 2-day rise to 7.7%. It is now approaching its 296-day high of SAR19.48.

RECENT ALERTS

CLOSING UPDATE: Etihad Etisalat continues significant uptrend, lifts 2.5%

15 May 2018 16:50 AST

Etihad Etisalat, Saudi Arabia's 2nd largest telecommunication company by market capitalisation, continued its significant uptrend and lifted 44.0 hallalah (or 2.5%) to trade at SAR18.28 today. Compared with the All Share Index (TASI) which fell 31.4 points (or 0.4%) in the day, this represented a relative price increase of 2.9%.

Afternoon Alert: Etihad Etisalat in 4th consecutive rise, nears a 12-month high

15 May 2018 14:38 AST

Etihad Etisalat Co (TASI:7020) extended its gains Tuesday, rising an additional 36.0 hallalah (or 2.0%) to trade at SAR18.20. The stock climbed 5.08% on Sunday and 0.22% on Monday bringing its 4-day rise to 8.6%. It is now approaching its 243-day high of SAR18.28.

Etihad Etisalat Co (SA:7020; SAU:7020; AB:7020)

ISIN: SA000A0DM9P2

PermID: 4295887317

Source: www.BuySellSignals.com