Saudi Arabian stock alert


Morning Alert: Makkah Construction & Development in 10th consecutive fall, nears a 27-month low 18 October 2017 11:28 AST


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.

DayHeadlineClose price [SAR]Price change %Relative change %Comment
TuesdayMakkah Construction & Development in 9th consecutive fall, nears a 27-month low77.8-1.1-1.4
MondayMakkah Construction & Development accelerates decline, down 2.2% in 2 days78.7-1.3-1.8Steepest Fall
SundayMakkah Construction & Development in 7th consecutive fall, nears a 20-month low79.7-1.0-0.8
ThursdayMakkah Construction & Development in its biggest weekly loss in 3 months80.5-0.7-1.7
WednesdayMakkah Construction & Development drops to year low81.1-1.11.1

SECTION 2: Ranking

DescriptionValueRank In Market
MCap $US billion3.4In Top Quartile
52-week Range (in SAR)77.0-120.6
1-month Range (in SAR)77.0-87.6
Williams %R-98.9Bullish
Price/MAP2000.82In Bottom Quartile

Makkah Construction & Development Co. (SA:4100; SAU:4100; AB:4100)

ISIN: SA0007879659

PermID: 4295887342