Saudi Arabian financial markets newsletter

SAARAB

BSS NEWS BITES ALERTS ISSUED FOR SAUDI ARABIAN MARKET ON SUNDAY 21 JANUARY 2018

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Saudi Market down 21.28 points or -0.33% to 6,515.07

BSS News Bites issued 21 Alerts on notable trading amongst the 181 Stocks traded on the Total Saudi Market today, of which 12 (57%) were Bearish.

Among the sectors, Food & Beverages slipped 1.62 percent, Real Estate Development weakened 1.42 percent, while Insurance gained 0.94 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Almarai, Saudi Arabia's largest agriculture & food industries company by market capitalisation, has decreased 1.5% to trade at SAR53.20 vs. the All Share Index (TASI) which weakened 25.7 points (or 0.3%) to 7,513.3. Representing a weighting of about 3.4% of the index, the stock accounted for 14.8% of today's loss. The shares have underperformed 89% of the market in the past month. Trading volume was 1.1 times average at the end of the day. Compared with the All Share Index (TASI) which fell 25.7 points (or 0.3%) in the day, this represented a relative price change of -1.1%.

SECTOR BULLS

+ Jarir Marketing, Saudi Arabia's largest retailer company by market capitalisation, has increased 1.3% to trade at SAR159.0 vs. the Retail index which strengthened 41.5 points (or 0.7%) to 5,905.6. Representing a weighting of about 35.6% of the index, the stock accounted for 63.9% of today's gain. The shares have outperformed 91% of the market in the past month. Trading volume was 57% of average at the end of the day. Compared with the All Share Index (TASI) which fell 25.7 points (or 0.3%) in the day, this represented a relative price increase of 1.6%.

+ Saudi Research and Marketing Group (TASI:4210) has lifted 2.6% to trade at SAR67.70 vs. the Media and Publishing index which strengthened 222.5 points (or 2.6%) to 8,628.2. Representing a weighting of about 77.4% of the index, the stock accounted for 75.3% of today's gain. The shares have outperformed 99% of the market in the past week. Trading volume was 75% of average so far today.

+ AXA Cooperative Insurance Company (TASI:8250) has climbed 5.3% to trade at SAR25.80 vs. the Insurance index which strengthened 34.9 points (or 0.7%) to 4,835.9. Representing a weighting of about 2.8% of the index, the stock accounted for 20.6% of today's gain. The shares have outperformed 99% of the market in the past week. Trading volume was 2.9 times average so far today.

SECTOR BEARS

+ Saudi Public Transport, Saudi Arabia's 4th largest transport company by market capitalisation, has decreased 1.6% to trade at SAR15.54 vs. the Transport index which weakened 26.0 points (or 0.6%) to 4,081.6. Representing a weighting of about 11.2% of the index, the stock accounted for 29.2% of today's loss. The shares have underperformed 97% of the market in the past week. Trading volume was 60% of average at the end of the day. Compared with the All Share Index (TASI) which fell 25.7 points (or 0.3%) in the day, this represented a relative price change of -1.3%.

+ Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has decreased 0.4% to trade at SAR55.60 vs. the Industrial investment sector which weakened 54.0 points (or 0.4%) to 13,165.8. Representing a weighting of about 80.8% of the sector, the stock accounted for 70.6% of today's loss. Trading volume was 13% of average at the end of the day. Compared with the All Share Index (TASI) which fell 25.7 points (or 0.3%) in the day, this represented a relative price change of -0.02%.

+ Dar Alarkan Real Estate Development, Saudi Arabia's 4th largest real estate company by market capitalisation, has tumbled 6.4% to trade at SAR9.62 vs. the Real Estate Development index which weakened 64.1 points (or 1.4%) to 4,448.5. Representing a weighting of about 9.8% of the index, the stock accounted for 44.3% of today's loss. Trading volume was 1.2 times average at the end of the day. Compared with the All Share Index (TASI) which fell 25.7 points (or 0.3%) in the day, this represented a relative price change of -6.1%.

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

HeadlineLastO/all Price Change52-Wk High
Al-Rajhi Company for Cooperative Insurance hits 52-week high fourth time in one month 21 January 2018 11:26 AST this morning, sinking sharply to close at SAR64.10SAR64.10-170.0 hallalah [-2.58%]SAR67.0
Walaa Cooperative Insurance hits 52-week high fourth time in one month 21 January 2018 11:26 AST this morning, sinking sharply to close at SAR35.0SAR35.055.0 hallalah [1.6%]SAR35.30

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Solidarity Saudi Takaful keeps rising: up 9.8% in 4 days 21 January 2018 11:26 AST, it closed at SAR22.86SAR22.8676.0 hallalah [3.44%]2.2
National Medical Care up 6.0% in 2 days 21 January 2018 11:26 AST, it closed at SAR46.70SAR46.70-30.0 hallalah [-0.64%]0.6

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Saudi Industrial Investment down 2.1% in 2 days 21 January 2018 11:26 AST, it closed at SAR20.78SAR20.78-26.0 hallalah [-1.24%]0.6
Saudi Real Estate down 2.4% in 2 days 21 January 2018 11:26 AST, it closed at SAR22.72SAR22.72-48.0 hallalah [-2.07%]0.3
Arab Sea Information System down 4.7% in 2 days 21 January 2018 11:26 AST, it closed at SAR12.20SAR12.20-24.0 hallalah [-1.93%]0.8

BSS News Bites alerted Significant downtrend in 1 Stock in the afternoon:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Umm Al-Qura Cement continued its significant downtrend; decreased 1.1% 21 January 2018 11:26 AST this morning but closed slightly higher at SAR16.16SAR16.16-16.0 hallalah [-0.98%]0.7

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Saudi Arabian Cooperative Insurance lifted 2.1% - outperforming 96% of stocks 21 January 2018 11:26 AST, it closed at SAR19.50SAR19.5072.0 hallalah [3.83%]2

BSS News Bites alerted that 2 Stocks underperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Alujain decreased 1.2% - underperforming 99% of stocks 21 January 2018 11:26 AST, it closed at SAR21.04SAR21.04-36.0 hallalah [-1.68%]0.8
Saudi Paper Manufacturing decreased 1.0% - underperforming 90% of stocks 21 January 2018 11:26 AST, it closed at SAR8.05SAR8.05-7.0 hallalah [-0.86%]0.2