Saudi Arabian financial markets newsletter

SAARAB

BSS NEWS BITES ALERTS ISSUED FOR SAUDI ARABIAN MARKET ON THURSDAY 19 OCTOBER 2017

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Saudi Market up 49.17 points or 0.81% to 6,147.7

BSS News Bites issued 21 Alerts on notable trading amongst the 179 Stocks traded on the Total Saudi Market today, of which 10 (47%) were Bullish.

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

HEAVYWEIGHT MARKET LEADERS

+ Riyad Bank, Saudi Arabia's 4th largest bank by market capitalisation, has climbed 6.0% to trade at SAR11.72 vs. the All Share Index (TASI) which strengthened 69.5 points (or 1%) to 7,011.3. Representing a weighting of about 2.4% of the index, the stock accounted for 14.1% of today's gain. The shares have outperformed 94% of the market in the past week. Trading volume was 2.4 times average at the end of the day. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price increase of 5.0%.

+ Saudi Electricity Company (TASI:5110) has increased 1.8% to trade at SAR23.90 vs. the All Share Index (TASI) which strengthened 41.9 points (or 0.6%) to 6,983.7. Representing a weighting of about 6.7% of the index, the stock accounted for 20.0% of today's gain. The shares have outperformed 87% of the market in the past week. Trading volume was 1.6 times average so far today.

SECTOR BULLS

+ Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has increased 1.5% to trade at SAR50.40 vs. the Industrial investment sector which strengthened 157.9 points (or 1.3%) to 12,180.8. Representing a weighting of about 79.2% of the sector, the stock accounted for 91.3% of today's gain. The shares have outperformed 92% of the market in the past six months. Trading volume was 11% of average at the end of the day. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price increase of 0.5%.

+ United Electronics, Saudi Arabia's 8th largest retailer company by market capitalisation, has climbed 5.4% to trade at SAR48.80 vs. the Retailing sector which strengthened 45.7 points (or 0.2%) to 19,364.1. Representing a weighting of about 3.7% of the sector, the stock accounted for 83.0% of today's gain. The shares have outperformed 98% 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 rose 69.5 points (or 1%) in the day, this represented a relative price increase of 4.4%.

+ Saudi Kayan Petrochemical Company (TASI:2350) has climbed 5.3% to trade at SAR9.16 vs. the Petrochemical industries sector which strengthened 9.0 points (or 0.2%) to 5,603.8. Representing a weighting of about 3.3% of the sector, the stock accounted for the gain. The shares have outperformed 96% of the market in the past week. Trading volume was 3.9 times average so far today.

SECTOR BEARS

+ Jabal Omar Development, Saudi Arabia's largest real estate company by market capitalisation, has decreased 0.3% to trade at SAR62.90 vs. the Real estate sector which weakened 0.9 points (or 0.01%) to 7,842.6. Representing a weighting of about 54.9% of the sector, the stock accounted for the loss. The shares have underperformed 93% of the market in the past week. Trading volume was 5% of average at the end of the day. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price change of -1.3%.

+ BUPA Arabia, Saudi Arabia's 2nd largest insurance company by market capitalisation, has decreased 1.1% to trade at SAR109.40 vs. the Insurance sector which weakened 57.0 points (or 0.7%) to 8,174.2. Representing a weighting of about 20.3% of the sector, the stock accounted for 31.9% of today's loss. The shares have underperformed 97% of the market in the past week. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price change of -2.1%.

+ Al Yamamah Steel Industries, Saudi Arabia's 4th largest building & construction company by market capitalisation, has decreased 1.4% to trade at SAR22.38 vs. the Building & construction sector which weakened 0.2 points (or 0.01%) to 1,971.1. Representing a weighting of about 8.6% of the sector, the stock accounted for the loss. The shares have underperformed 98% of the market in the past week. Trading volume was 33% of average at the end of the day. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price change of -2.4%.

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

HeadlineO/all Price Change52-Wk High
Al Kathiri Holding jumped 7.2% 19 October 2017 11:28 AST in the morning, closing -6.29% lower at SAR16.408.0 hallalah [0.49%]-
Thob Al Aseel soared 11.3% 19 October 2017 11:28 AST in the morning, closing -7.32% lower at SAR62.0SAR1.90 [3.16%]-

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

HeadlineO/all Price Change52-Wk Low
Malath Cooperative Insurance and Reinsurance sank 5.6% on strong volume 19 October 2017 11:28 AST in the morning, closing -1.27% lower at SAR15.50-114.0 hallalah [-6.85%]SAR10.68
Al Samaani Factory for Metal Industries plummeted 11.2% 19 October 2017 11:28 AST in the morning, closing recovered at SAR53.80-250.0 hallalah [-4.44%]-

BSS News Bites alerted 52-week Highs in 1 Stock through the day:

HeadlineLastO/all Price Change52-Wk High
Jazan Development hits 52-week high sixth time in one month 19 October 2017 11:28 AST this morning, sinking sharply to close at SAR19.92SAR19.9242.0 hallalah [2.15%]SAR20.44

BSS News Bites alerted 52-week Lows in 1 Stock through the day:

HeadlineLastO/all Price Change52-Wk Low
Makkah Construction & Development hits 52-week low sixth time in one month 19 October 2017 11:28 ASTSAR76.0-90.0 hallalah [-1.17%]SAR120.57

BSS News Bites alerted Consecutive Rises in 2 Stocks through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Raydan Co up 5.4% in 2 days 19 October 2017 11:28 AST, it closed at SAR17.48SAR17.4838.0 hallalah [2.22%]0.2
Dar Alarkan Real Estate Development up 3.7% in 2 days 19 October 2017 11:28 AST, it closed at SAR6.91SAR6.914.0 hallalah [0.58%]0.4

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
BUPA Arabia keeps sliding: down 5.6% in 3 days 19 October 2017 11:28 AST, it closed at SAR109.40SAR109.40-120.0 hallalah [-1.08%]1
National Agriculture Development accelerates slide; now down 4.9% in 2 days 19 October 2017 11:28 AST, it closed at SAR30.20SAR30.20-60.0 hallalah [-1.95%]0.7
Al-Rajhi Company for Cooperative Insurance keeps sliding: down 3.7% in 4 days 19 October 2017 11:28 AST, it closed at SAR59.30SAR59.30-120.0 hallalah [-1.98%]0.2

BSS News Bites alerted Significant uptrend in 1 Stock through the morning:

HeadlineLastO/all Price ChangeVI (1 is avg.)
United Electronics continued its significant uptrend; lifted 2.4% 19 October 2017 11:28 AST this morning and closed higher at SAR48.80SAR48.80SAR2.50 [5.4%]1.8

BSS News Bites alerted that 1 Stock outperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
The Saudi Investment Bank increased 1.4% - outperforming 81% of stocks 19 October 2017 11:28 AST, it closed at SAR14.44SAR14.4444.0 hallalah [3.14%]0.1

BSS News Bites alerted that 1 Stock underperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Umm Al-Qura Cement decreased 1.4% - underperforming 84% of stocks 19 October 2017 11:28 AST, it closed at SAR15.56SAR15.56-0.1