Saudi Arabian financial markets newsletter

SAARAB

BSS NEWS BITES ALERTS ISSUED FOR SAUDI ARABIAN MARKET ON THURSDAY 17 AUGUST 2017

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Saudi Market up 42.32 points or 0.68% to 6,290.26

BSS News Bites issued 32 Alerts on notable trading amongst the 170 Stocks traded on the Total Saudi Market today, of which 24 (75%) were Bullish.

Of all the Alerts, the following were the most prominent in today's trading:

HEAVYWEIGHT MARKET LEADERS

+ Saudi Electricity, Saudi Arabia's largest energy company by market capitalisation, has increased 1.5% to trade at SAR23.66 vs. the All Share Index (TASI) which strengthened 51.0 points (or 0.7%) to 7,179.3. Representing a weighting of about 6.5% of the index, the stock accounted for 13.9% of today's gain. Trading volume was 43% of average at the end of the day. Compared with the All Share Index (TASI) which rose 51.0 points (or 0.7%) in the day, this represented a relative price increase of 0.8%.

+ The Saudi British Bank (TASI:1060) has lifted 3.7% to trade at SAR26.70 vs. the All Share Index (TASI) which strengthened 34.8 points (or 0.5%) to 7,163.2. Representing a weighting of about 2.6% of the index, the stock accounted for 19.8% of today's gain. The shares have outperformed 86% of the market in the past week. Trading volume was 86% of average so far today.

SECTOR BULLS

+ Almarai, Saudi Arabia's largest agriculture & food industries company by market capitalisation, has lifted 2.2% to trade at SAR78.30 vs. the Agriculture & food industries sector which strengthened 254.8 points (or 1.9%) to 13,762.9. Representing a weighting of about 56.4% of the sector, the stock accounted for 66.2% of today's gain. Trading volume was 66% of average at the end of the day. Compared with the All Share Index (TASI) which rose 51.0 points (or 0.7%) in the day, this represented a relative price increase of 1.5%.

+ Southern Province Cement Co. (TASI:3050) has increased 0.6% to trade at SAR50.40 vs. the Cement sector which strengthened 11.4 points (or 0.3%) to 3,550.6. Representing a weighting of about 17.3% of the sector, the stock accounted for 32.4% of today's gain.

+ Saudi Basic Industries Corp. (TASI:2010) has increased 0.3% to trade at SAR98.10 vs. the Petrochemical industries sector which strengthened 18.4 points (or 0.3%) to 5,554.5. Representing a weighting of about 70.4% of the sector, the stock accounted for 65.4% of today's gain. Trading volume was 89% of average so far today.

SECTOR BEARS

+ Fawaz Abdulaziz AlHokair, Saudi Arabia's 2nd largest retailer company by market capitalisation, has sunk 4.8% to trade at SAR45.55 vs. the Retailing sector which weakened 25.3 points (or 0.1%) to 20,106.4. Representing a weighting of about 16.7% of the sector, the stock accounted for the loss. Trading volume was 90% of average at the end of the day. Compared with the All Share Index (TASI) which rose 51.0 points (or 0.7%) in the day, this represented a relative price change of -5.5%.

+ Saudi Ground Services Co (TASI:4031) has decreased 0.5% to trade at SAR42.20 vs. the Transport sector which weakened 9.8 points (or 0.1%) to 10,159.2. Representing a weighting of about 31.1% of the sector, the stock accounted for the loss. The shares have underperformed 88% of the market in the past week. Trading volume was 1.4 times average so far today.

BSS News Bites alerted Unusual Rises in 6 Stocks through the day, of which the most prominent were:

HeadlineO/all Price Change52-Wk High
Saudi Electricity increased 1.4% on robust volume 17 August 2017 11:26 AST in the morning, closing 0.17% higher at SAR23.6636.0 hallalah [1.55%]SAR26.05
Al-Rajhi Bank increased 0.8% on firm volume 17 August 2017 11:26 AST in the morning, closing 0.16% higher at SAR63.6060.0 hallalah [0.95%]SAR70.06
Al-Rajhi Bank increased 1.0% on firm volume 17 August 2017 14:37 AST in the afternoon, closing unchanged at SAR63.6060.0 hallalah [0.95%]SAR70.06
National Commercial Bank increased 0.6% 17 August 2017 14:37 AST in the afternoon, closing unchanged at SAR50.3030.0 hallalah [0.6%]SAR58.0
National Commercial Bank increased 0.6% on firm volume 17 August 2017 11:26 AST in the morning, closing unchanged at SAR50.3030.0 hallalah [0.6%]SAR58.0

BSS News Bites alerted Unusual Falls in 2 Stocks through the day:

HeadlineO/all Price Change52-Wk Low
Saudi Telecommunications decreased 0.3% 17 August 2017 14:37 AST in the afternoon, closing unchanged at SAR73.70-20.0 hallalah [-0.27%]SAR48.88
Saudi Telecommunications decreased 0.3% on firm volume 17 August 2017 11:26 AST in the morning, closing unchanged at SAR73.70-20.0 hallalah [-0.27%]SAR48.88

BSS News Bites alerted 52-week Highs in 2 Stocks through the day:

HeadlineLastO/all Price Change52-Wk High
The Saudi Investment Bank hits 52-week high fourth time in one month 17 August 2017 14:37 AST this afternoon, closing markedly lower at SAR14.68SAR14.6818.0 hallalah [1.24%]SAR14.70
Jazan Development hits 52-week high seventh time in one month 17 August 2017 14:37 AST this afternoon, sinking sharply to close at SAR16.24SAR16.2426.0 hallalah [1.63%]SAR16.60

BSS News Bites alerted Consecutive Rises in 8 Stocks through the day, of which the most prominent were:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Etihad Atheeb Telecommunication keeps rising: up 9.6% in 3 days 17 August 2017 11:26 AST, it closed at SAR8.20SAR8.2022.0 hallalah [2.76%]7.7
Etihad Atheeb Telecommunication keeps rising: up 5.4% in 3 days 17 August 2017 14:37 AST, it closed at SAR8.20SAR8.2022.0 hallalah [2.76%]7.7
Saudi Industrial Export up 7.5% in 2 days 17 August 2017 11:26 AST, it closed at SAR32.10SAR32.1060.0 hallalah [1.9%]1.8
Saudi Industrial Export up 4.6% in 2 days 17 August 2017 14:37 AST, it closed at SAR32.10SAR32.1060.0 hallalah [1.9%]1.8
United Cooperative Assurance up 4.1% in 2 days 17 August 2017 14:37 AST, it closed at SAR14.78SAR14.7838.0 hallalah [2.64%]2

BSS News Bites alerted Consecutive Falls in 3 Stocks through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Mouwasat Medical Services keeps sliding: down 3.5% in 3 days 17 August 2017 11:26 AST, it closed at SAR158.0SAR158.0SAR1.80 [1.15%]0.1
Saudi Research & Marketing keeps sliding: down 17.5% in 4 days 17 August 2017 11:26 AST, it closed at SAR69.0SAR69.0SAR5.0 [7.81%]2.2
Mouwasat Medical Services keeps sliding: down 3.0% in 3 days 17 August 2017 14:37 AST, it closed at SAR158.0SAR158.0SAR1.80 [1.15%]0.1

BSS News Bites alerted that 4 Stocks outperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
The National Co. for Glass increased 1.7% - outperforming 84% of stocks 17 August 2017 14:37 AST, it closed at SAR20.92SAR20.9218.0 hallalah [0.87%]0.8
NAMA Chemicals climbed 4.5% - outperforming 98% of stocks 17 August 2017 11:26 AST, it closed at SAR18.58SAR18.5850.0 hallalah [2.77%]2.2
NAMA Chemicals increased 1.8% - outperforming 98% of stocks 17 August 2017 14:37 AST, it closed at SAR18.58SAR18.5850.0 hallalah [2.77%]2.2
Alawwal Bank increased 1.3% - outperforming 84% of stocks 17 August 2017 11:26 AST, it closed at SAR12.70SAR12.7030.0 hallalah [2.42%]0.6

BSS News Bites alerted that 3 Stocks underperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
The Mediterranean & Gulf Insurance & Reinsurance decreased 1.4% - underperforming 99% of stocks 17 August 2017 11:26 AST, it closed at SAR12.88SAR12.88-32.0 hallalah [-2.42%]0.6
The Mediterranean & Gulf Insurance & Reinsurance dropped 2.9% - underperforming 100% of stocks 17 August 2017 14:37 AST, it closed at SAR12.88SAR12.88-32.0 hallalah [-2.42%]0.6
Halwani Bros decreased 0.6% - underperforming 89% of stocks 17 August 2017 11:26 AST, it closed at SAR47.50SAR47.50-50.0 hallalah [-1.04%]0.2