Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Al-Rajhi Bank increases further 0.5%, led Banks & Financial Services index higher 20 September 2018 16:49 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 increased 1.7% to trade at SAR84.50 vs. the Banks & Financial Services index which strengthened 38.1 points (or 0.6%) to 6,773.7. Representing a weighting of about 30.9% of the index, the stock accounted for 91.3% of today's gain. The shares have outperformed 85% of the market in the past three months. Trading volume was 65% of average at the end of the day. Compared with the All Share Index (TASI) which rose 38.7 points (or 0.5%) in the day, this represented a relative price increase of 1.2%.

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

Undervaluation:

+ Return on Equity 16.4% [13.0%]

+ Return on Assets 2.7% [2.0%]

Bullish Signals:

+ 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.

+ As per the Du Pont analysis, Return on Equity of 16.4% is better than sector average of 13.0%.

Note

Al-Rajhi Bank today is at a discount of 6.5% to the 12-month high of SAR90.35 on 04 Jun, 2018. It is at a premium of 39.8% to the 12-month low of SAR60.43 on 21 Nov, 2017.

Bearish Signals:

The negative 0.81 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price decreased 0.7% in the last month.

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

Overvaluation:

Price to Book of 2.5 [1.6]

TODAY'S ALERTS

Afternoon Alert: Al-Rajhi Bank increases 1.2%, leads Banks & Financial Services index higher

20 September 2018 14:38 AST

Al Rajhi Bank (TASI:1120) has increased 1.2% to trade at SAR84.10 vs. the Banks & Financial Services index which strengthened 16.3 points (or 0.2%) to 6,751.9. Representing a weighting of about 30.8% of the index, the stock accounted for the gain. The shares have outperformed 85% of the market in the past three months.

Morning Alert: Al-Rajhi Bank decreases 0.1%

20 September 2018 11:26 AST

Al Rajhi Bank (TASI:1120) traded on volume of 1.0 times average so far today while the price decreased 10.0 hallalah (or 0.1%) to trade at SAR83.0.

RECENT ALERTS

CLOSING UPDATE: Al-Rajhi Bank increases 1.5%, led Banks & Financial Services index higher

19 September 2018 16:49 AST

Al-Rajhi Bank, Saudi Arabia's largest bank by market capitalisation, has increased 1.5% to trade at SAR83.10 vs. the Banks & Financial Services index which strengthened 77.7 points (or 1.2%) to 6,735.5. Representing a weighting of about 30.4% of the index, the stock accounted for 38.0% of today's gain. The shares have outperformed 93% of the market in the past six months. Trading volume was 54% of average at the end of the day. Compared with the All Share Index (TASI) which rose 86.2 points (or 1.1%) in the day, this represented a relative price increase of 0.3%.

Afternoon Alert: Al-Rajhi Bank increases 1.2%

19 September 2018 14:37 AST

Al Rajhi Bank (TASI:1120) traded on volume of 0.9 times average so far today while the price increased SAR1.0 (or 1.2%) to trade at SAR82.90.

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

ISIN: SA0007879113

PermID: 4295887325

Source: www.BuySellSignals.com