Saudi Arabian stock alert
Morning Alert: Makkah Construction & Development in 10th consecutive fall, nears a 27-month low 18 October 2017 11:28 AST
NEWS BITES - MIDDLE EAST & NORTH AFRICA
Makkah Construction & Development Co. (TASI:4100) slipped further on Wednesday, sliding an additional 70.0 hallalah (or 0.9%) to trade at SAR77.10. The stock decreased 1.25% on Monday and 1.14% on Tuesday bringing its 10-day fall to 9.1%. It is now approaching its 567-day low of SAR77.0.
SECTION 1: The past week
Current indications of bearish signals that support the trend in the unusual trading
1.1 At a glance
Weekly: Makkah Construction & Development accelerates decline: down 9.1% in 3 weeks October 17, 2017 15:30 AST
Makkah Construction & Development Co. (TASI:4100), Saudi Arabia's 2nd largest Real Estate company by market cap, has dropped SAR7.80 (or 9.1%) over the past three weeks, after falling 5.1% in the past week, 2.8% in the previous week and 1.4% in the week prior to that to close at SAR77.80. Compared with the All Share Index (TASI) which fell 247.8 points (or 3.4%) in the three weeks, this represented a relative price change of -5.7%. The volume was 0.9 times average trading per week of 251,855 shares. In the past week the market cap has declined SAR692.2 million.
1.2 5-day Recap
Makkah Construction & Development underperformed the All Share index (TASI) in 4 out of 5 days.
|Day||Headline||Close price [SAR]||Price change %||Relative change %||Comment|
|Tuesday||Makkah Construction & Development in 9th consecutive fall, nears a 27-month low||77.8||-1.1||-1.4|
|Monday||Makkah Construction & Development accelerates decline, down 2.2% in 2 days||78.7||-1.3||-1.8||Steepest Fall|
|Sunday||Makkah Construction & Development in 7th consecutive fall, nears a 20-month low||79.7||-1.0||-0.8|
|Thursday||Makkah Construction & Development in its biggest weekly loss in 3 months||80.5||-0.7||-1.7|
|Wednesday||Makkah Construction & Development drops to year low||81.1||-1.1||1.1|
SECTION 2: Ranking
|Description||Value||Rank In Market|
|MCap $US billion||3.4||In Top Quartile|
|52-week Range (in SAR)||77.0-120.6|
|1-month Range (in SAR)||77.0-87.6|
|Price/MAP200||0.82||In Bottom Quartile|
Makkah Construction & Development Co. (SA:4100; SAU:4100; AB:4100)