Saudi Arabian stock alert
CLOSING UPDATE: Saudi Printing & Packaging increased further 0.1% on extraordinary volume 25 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).
Saudi Printing & Packaging, Saudi Arabia's 2nd largest media and publishing company by market capitalisation, traded on heavy volume of 4.0 times average today while the price jumped SAR1.46 (or 8.4%) to trade at SAR18.79. Compared with the All Share Index (TASI) which fell 24.6 points (or 0.3%) in the day, this represented a relative price increase of 8.8%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.6 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the Saudi Arabian market, the stock's relative price strength percentile is improving at 69 for 6 months, 84 for 3 months and 96 for 1 month.
+ The price jumped 9.4% in the last week and soared 18.0% in the last month.
Saudi Printing & Packaging today is at a discount of 14.0% to the 12-month high of SAR21.85 on 25 Dec, 2016. It is at a premium of 96.8% to the 12-month low of SAR9.55 on 03 Oct, 2016.
Afternoon Alert: Saudi Printing & Packaging jumps 8.4% on high volume
25 July 2017 14:34 AST
Saudi Printing & Packaging CO (TASI:4270) traded on heavy volume of 2.4 times average so far today while the price jumped SAR1.45 (or 8.4%) to trade at SAR18.78.
Saudi Printing & Packaging CO (SA:4270; SAU:4270; AB:4270)