Saudi Arabian stock alert

SAARAB

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.

TODAY'S ALERT

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)

ISIN: SA14905KKGH6

PermID: 21607801023

Source: www.BuySellSignals.com