Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Malath Cooperative Insurance and Reinsurance decreases further 1.3% on spectacular 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).

Malath Cooperative Insurance and Reinsurance, Saudi Arabia's 11th largest insurance company by market capitalisation, traded on heavy volume of 7.8 times average today while the price tumbled SAR1.14 (or 6.9%) to trade at SAR15.50. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price change of -7.9%.

Note

Malath Cooperative Insurance and Reinsurance today is at a discount of 13.7% to the 12-month high of SAR17.96 on 04 Oct, 2017. It is at a premium of 45.1% to the 12-month low of SAR10.68 on 11 Jun, 2017.

Bullish Signals:

The positive 0.44 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 86% of the Saudi Arabian market over the past 6 months.

In the last three months the stock has hit a new 52-week high once.

The price soared 13.5% in the last week and 19.7% in the last month.

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.

TODAY'S ALERT

Morning Alert: Malath Cooperative Insurance and Reinsurance sinks 5.6% on strong volume

19 October 2017 11:28 AST

Malath Cooperative Insurance and Reinsurance Company (TASI:8020) traded on heavy volume of 2.7 times average so far today while the price sank 94.0 hallalah (or 5.6%) to trade at SAR15.70.

RECENT ALERTS

CLOSING UPDATE: Malath Cooperative Insurance and Reinsurance keeps rising: up 23.1% in 5 days

18 October 2017 16:47 AST

Malath Cooperative Insurance and Reinsurance, Saudi Arabia's 9th largest insurance company by market capitalisation, extended its gains on Wednesday, rising an additional SAR1.50 (or 9.9%) to trade at SAR16.64. Trading volume was 88% of average at the end of the day. The shares have risen SAR3.12 (or 23.1%) over the past five trading days vs. the All Share Index (TASI) which has risen 0.8% in the same period.

Afternoon Alert: Malath Cooperative Insurance and Reinsurance keeps rising: up 23.1% in 5 days

18 October 2017 14:36 AST

Malath Cooperative Insurance and Reinsurance Company (TASI:8020) extended its gains on Wednesday, rising an additional SAR1.50 (or 9.9%) to trade at SAR16.64. Trading volume was 70% of average so far today. The shares have risen SAR3.12 (or 23.1%) over the past five trading days vs. the All Share Index (TASI) which has risen 1.0% in the same period.

Malath Cooperative Insurance and Reinsurance Company (SA:8020; SAU:8020; AB:8020)

ISIN: SA000A0MJ2J4

PermID: 4295887362

Source: www.BuySellSignals.com