Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Dar Alarkan Real Estate Development increases losses by 0.2%, led Real Estate Development index lower 18 January 2018 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).

Dar Alarkan Real Estate Development, Saudi Arabia's 4th largest real estate company by market capitalisation, has tumbled 7.9% to trade at SAR10.28 vs. the Real Estate Development index which weakened 62.5 points (or 1.4%) to 4,512.6. Representing a weighting of about 10.3% of the index, the stock accounted for 59.5% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 1.8 times average at the end of the day. Compared with the All Share Index (TASI) which fell 0.7 points (or 0.01%) in the day, this represented a relative price change of -7.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.3 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price dropped 2.3% in the last week and plummeted 21.8% in the last month.

Note

Dar Alarkan Real Estate Development today is at a discount of 32.6% to the 12-month high of SAR15.26 on 31 Dec, 2017. It is at a premium of 80.3% to the 12-month low of SAR5.70 on 19 Jan, 2017.

Bullish Signals:

In the last three months the stock has hit a new 52-week high twenty-three times, pointing to a significant uptrend.

The present value of SAR1,000 invested one year ago is SAR1,788 [vs SAR1,100 for the All Share Index (TASI)].

TODAY'S ALERTS

Afternoon Alert: Dar Alarkan Real Estate Development tumbles 8.1%, leads Real Estate Development index lower

18 January 2018 14:39 AST

Dar Alarkan Real Estate Development Company (TASI:4300) has tumbled 8.1% to trade at SAR10.26 vs. the Real Estate Development index which weakened 38.9 points (or 0.8%) to 4,536.3. Representing a weighting of about 10.3% of the index, the stock accounted for 97.5% of today's loss. The shares have underperformed 96% of the market in the past week. Trading volume was 1.7 times average so far today.

Morning Alert: Dar Alarkan Real Estate Development tumbles 7.9%, leads market lower

18 January 2018 11:30 AST

Dar Alarkan Real Estate Development Company (TASI:4300) has tumbled 7.9% to trade at SAR10.28 vs. the All Share Index (TASI) which weakened 13.9 points (or 0.2%) to 7,525.9. Representing a weighting of about 0.7% of the index, the stock accounted for 30.8% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 2.1 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Dar Alarkan Real Estate Development decreases gains by 0.2%, led Real Estate Development index higher

14 January 2018 16:47 AST

Dar Alarkan Real Estate Development, Saudi Arabia's 3rd largest real estate company by market capitalisation, has jumped 8.2% to trade at SAR11.38 vs. the Real Estate Development index which strengthened 34.4 points (or 0.8%) to 4,470.3. Representing a weighting of about 11.6% of the index, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Trading volume was 1.4 times average at the end of the day. Compared with the All Share Index (TASI) which rose 64.5 points (or 0.9%) in the day, this represented a relative price increase of 7.3%.

Afternoon Alert: Dar Alarkan Real Estate Development jumps 8.4%, leads Real Estate Development index higher

14 January 2018 14:37 AST

Dar Alarkan Real Estate Development Company (TASI:4300) has jumped 8.4% to trade at SAR11.40 vs. the Real Estate Development index which strengthened 34.4 points (or 0.8%) to 4,470.3. Representing a weighting of about 11.7% of the index, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Trading volume was 1.3 times average so far today.

Dar Alarkan Real Estate Development Company (SA:4300; SAU:4300; AB:4300)

ISIN: SA11U0S23612

PermID: 4295887306

Source: www.BuySellSignals.com