Saudi Arabian stock alert


Morning Alert: Dar Alarkan Real Estate Development drops 3.5%, leads Real Estate Development index lower 21 January 2018 11:26 AST


Dar Alarkan Real Estate Development Company (TASI:4300) has dropped 3.5% to trade at SAR9.92 vs. the Real Estate Development index which weakened 40.9 points (or 0.9%) to 4,471.8. Representing a weighting of about 10.0% of the index, the stock accounted for 38.7% of today's loss.

SECTION 1: The past week

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

1.1 At a glance

Weekly: Dar Alarkan Real Estate Development keeps sliding: down 32.2% in 3 weeks January 18, 2018 15:30 AST

Dar Alarkan Real Estate Development Company (TASI:4300), Saudi Arabia's 4th largest Real Estate company by market cap, extended its slide in the past week ended Thursday, shedding an additional 24.0 hallalah (or 2.3%) to close at SAR10.28. The shares have plummeted SAR4.88 (or 32.2%) over the past three weeks. Compared with the All Share Index (TASI) which rose 308.4 points (or 4.3%) in the three weeks, this represented a relative price change of -36.5%. The volume was 1.1 times average trading per week of 272.8 million shares.

1.2 5-day Recap

Dar Alarkan Real Estate Development underperformed the All Share index (TASI) in 3 out of 5 days.

DayHeadlineClose price [SAR]Price change %Relative change %Comment
ThursdayDar Alarkan Real Estate Development tumbles 7.9% on robust volume10.28-7.9-7.9Steepest Fall
TuesdayDar Alarkan Real Estate Development decreases10.96-0.2-0.8
MondayDar Alarkan Real Estate Development price 10.2% below VWP10.98-3.5-4.1


DayHeadlineClose price [SAR]Price change %Relative change %Comment
WednesdayDar Alarkan Real Estate Development outperforms 99% of the market11.161.81.7
SundayDar Alarkan Real Estate Development jumps 8.2% on firm volume11.388.27.3Top Rise

SECTION 2: Technical indicators


The negative 0.38 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are falling - another bearish signal. In the past week, the stock's MACD has been negative every day, a reinforcing bearish signal.

The price plummeted 22.9% in the last month.



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

The present value of SAR1,000 invested one year ago is SAR1,713 [vs SAR1,093 for the All Share Index (TASI)], for a capital gain of SAR713. The total return to shareholders for 1 year is 71.3%.

SECTION 3: Ranking

DescriptionValueRank In Market
Price/MAP2001.28In Top 3%
MCap $US billion2.9In Top Quartile
1-month Range (in SAR)9.7-15.3
Williams %R-93.5Bullish
Today's Volatility %6.2In Bottom 1%

Dar Alarkan Real Estate Development Company (SA:4300; SAU:4300; AB:4300)

ISIN: SA11U0S23612

PermID: 4295887306