Saudi Arabian stock alert
CLOSING UPDATE: Jabal Omar Development decreased gains by 0.1%, led Real estate sector higher 20 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).
Jabal Omar Development, Saudi Arabia's largest real estate company by market capitalisation, has increased 0.6% to trade at SAR69.92 vs. the Real estate sector which strengthened 21.0 points (or 0.2%) to 8,722.5. Representing a weighting of about 54.9% of the sector, the stock accounted for the gain. Compared with the All Share Index (TASI) which rose 31.6 points (or 0.4%) in the day, this represented a relative price increase of 0.1%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.36 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Jabal Omar Development today is at a discount of 8.0% to the 12-month high of SAR76.0 on 04 Dec, 2016. It is at a premium of 52.0% to the 12-month low of SAR46.0 on 03 Oct, 2016.
The price decreased 0.2% in the last week.
Afternoon Alert: Jabal Omar Development increases 0.7%, leads Real estate sector higher
20 July 2017 14:34 AST
Jabal Omar Development Company (TASI:4250) has increased 0.7% to trade at SAR70.0 vs. the Real estate sector which strengthened 26.9 points (or 0.3%) to 8,728.4. Representing a weighting of about 54.9% of the sector, the stock accounted for the gain. Trading volume was 45% of average so far today.
Jabal Omar Development Company (SA:4250; SAU:4250; AB:4250)