Saudi Arabian financial markets newsletter

SAARAB

BSS NEWS BITES ALERTS ISSUED FOR SAUDI ARABIAN MARKET ON THURSDAY 22 JUNE 2017

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Saudi Market up 123.49 points or 1.93% to 6,536.95

BSS News Bites issued 20 Alerts on notable trading amongst the 167 Stocks traded on the Total Saudi Market today, of which 16 (80%) were Bullish.

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

HEAVYWEIGHT MARKET LEADERS

+ Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has jumped 9.0% to trade at SAR48.95 vs. the All Share Index (TASI) which strengthened 90.8 points (or 1.2%) to 7,425.7. Representing a weighting of about 3.6% of the index, the stock accounted for 26.3% of today's gain. The shares have outperformed 99% of the market in the past week. Trading volume was 3.8 times average at the end of the day. Compared with the All Share Index (TASI) which rose 90.8 points (or 1.2%) in the day, this represented a relative price increase of 7.8%.

+ Saudi Electricity Company (TASI:5110) has jumped 6.2% to trade at SAR25.85 vs. the All Share Index (TASI) which strengthened 153.1 points (or 2.1%) to 7,488.0. Representing a weighting of about 6.8% of the index, the stock accounted for 20.1% of today's gain. The shares have outperformed 96% of the market in the past week. Trading volume was 2.0 times average so far today.

SECTOR BULLS

+ Fawaz Abdulaziz AlHokair, Saudi Arabia's 2nd largest retailer company by market capitalisation, has climbed 5.2% to trade at SAR42.07 vs. the Retailing sector which strengthened 624.4 points (or 3.3%) to 19,533.7. Representing a weighting of about 15.9% of the sector, the stock accounted for 25.0% of today's gain. The shares have outperformed 95% of the market in the past month. Trading volume was 80% of average at the end of the day. Compared with the All Share Index (TASI) which rose 90.8 points (or 1.2%) in the day, this represented a relative price increase of 4.0%.

+ The National Shipping Company of Saudi Arabia, Saudi Arabia's largest transport company by market capitalisation, has lifted 2.7% to trade at SAR37.36 vs. the Transport sector which strengthened 154.2 points (or 1.4%) to 11,018.3. Representing a weighting of about 53.2% of the sector, the stock accounted for 99.8% of today's gain. The shares have outperformed 87% of the market in the past week. Trading volume was 4.2 times average at the end of the day. Compared with the All Share Index (TASI) which rose 90.8 points (or 1.2%) in the day, this represented a relative price increase of 1.4%.

+ Almarai, Saudi Arabia's largest agriculture & food industries company by market capitalisation, has jumped 6.4% to trade at SAR96.45 vs. the Agriculture & food industries sector which strengthened 675.7 points (or 4.5%) to 15,670.9. Representing a weighting of about 61.0% of the sector, the stock accounted for 87.0% of today's gain. The shares have outperformed 98% of the market in the past week. Trading volume was 9.7 times average at the end of the day. Compared with the All Share Index (TASI) which rose 90.8 points (or 1.2%) in the day, this represented a relative price increase of 5.2%.

SECTOR BEARS

+ Saudi Basic Industries, Saudi Arabia's largest petrochemical industries company by market capitalisation, has decreased 1.7% to trade at SAR102.33 vs. the Petrochemical industries sector which weakened 73.9 points (or 1.3%) to 5,739.7. Representing a weighting of about 71.0% of the sector, the stock accounted for 93.0% of today's loss. Trading volume was 1.1 times average at the end of the day. Compared with the All Share Index (TASI) which rose 90.8 points (or 1.2%) in the day, this represented a relative price change of -2.9%.

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

HeadlineLastO/all Price Change52-Wk High
Dallah Health Services hits 52-week high fourth time in one month 22 June 2017 11:22 AST this morning, closing markedly lower at SAR112.0SAR112.0SAR3.80 [3.51%]SAR112.20
Abdullah Al Othaim Markets hits 52-week high second time in one month 22 June 2017 11:22 AST this morning, sinking sharply to close at SAR114.97SAR114.97SAR2.82 [2.51%]SAR116.60

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
National Petrochemical keeps rising: up 11.6% in 4 days 22 June 2017 11:22 AST, it closed at SAR18.08SAR18.088.0 hallalah [0.44%]1
Al-Tayyar Travel Group up 7.8% in 2 days 22 June 2017 11:22 AST, it closed at SAR31.02SAR31.02SAR1.26 [4.23%]2.4
Aljazira Takaful Taawuni up 5.3% in 2 days 22 June 2017 11:22 AST, it closed at SAR27.87SAR27.8777.0 hallalah [2.84%]0.3

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Gulf Union Cooperative Insurance continued its significant downtrend; decreased 1.1% 22 June 2017 11:22 AST this morning but closed slightly higher at SAR16.81SAR16.81-18.0 hallalah [-1.06%]0.4

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Jazan Development lifted 2.1% - outperforming 96% of stocks 22 June 2017 11:22 AST, it closed at SAR14.08SAR14.0890.0 hallalah [6.83%]0.4
The Company for Cooperative Insurance lifted 2.2% - outperforming 90% of stocks 22 June 2017 11:22 AST, it closed at SAR103.0SAR103.0SAR4.99 [5.09%]7.9

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Al Baha for Development & Investment decreased 0.6% - underperforming 94% of stocks 22 June 2017 11:22 AST, it closed at SAR18.94SAR18.94-46.0 hallalah [-2.37%]4.8
Alujain decreased 1.1% - underperforming 99% of stocks 22 June 2017 11:22 AST, it closed at SAR22.0SAR22.0-47.0 hallalah [-2.09%]0.7
SALAMA Cooperative Insurance decreased 0.8% - underperforming 99% of stocks 22 June 2017 11:22 AST, it closed at SAR16.55SAR16.55-11.0 hallalah [-0.66%]0.3