Saudi Arabian stock alert
CLOSING UPDATE: Arab Sea Information System tumbles 8.0% on firm volume 19 October 2017 17:28 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).
Arab Sea Information System traded on heavy volume of 1.3 times average today while the price tumbled 96.0 hallalah (or 8.0%) to trade at SAR11.02. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price change of -9.0%.
Technical indicators complementing today's significant downtrend:
+ The negative 0.26 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
Afternoon Alert: Arab Sea Information System tumbles 8.0% on high volume
19 October 2017 14:37 AST
Arab Sea Information System Co (TASI:9505) traded on heavy volume of 2.1 times average so far today while the price tumbled 96.0 hallalah (or 8.0%) to trade at SAR11.02.
Arab Sea Information System Co (SA:9505; SAU:9505; AB:9505)