Saudi Arabian financial markets newsletter

SAARAB

BSS NEWS BITES ALERTS ISSUED FOR SAUDI ARABIAN MARKET ON THURSDAY 16 AUGUST 2018

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Saudi Market down 9.86 points or -0.14% to 6,861.12

BSS News Bites issued 20 Alerts on notable trading amongst the 178 Stocks traded on the Total Saudi Market today, of which 11 (55%) were Bearish.

Among the sectors, Telecommunication & Information Technology slipped 0.29 percent, Materials weakened 0.25 percent, while Banks & Financial Services gained 0.67 percent.

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

HEAVYWEIGHT MARKET LEADERS

+ Al-Rajhi Bank, Saudi Arabia's largest bank by market capitalisation, has increased 1.0% to trade at SAR84.0 vs. the All Share Index (TASI) which strengthened 14.9 points (or 0.2%) to 7,867.2. Representing a weighting of about 8.2% of the index, the stock accounted for 41.5% of today's gain. The shares have outperformed 86% of the market in the past three months. Compared with the All Share Index (TASI) which rose 14.9 points (or 0.2%) in the day, this represented a relative price increase of 0.8%.

SECTOR BULLS

+ Astra Industrial Group (TASI:1212) has increased 2.0% to trade at SAR17.50 vs. the Capital Goods which strengthened 14.3 points (or 0.4%) to 3,786.6. Representing a weighting of about 16.2% of the index, the stock accounted for 84.5% of today's gain.

+ Al Yamamah Steel Industries Co (TASI:1304) has increased 1.9% to trade at SAR17.02 vs. the Building & construction sector which strengthened 2.9 points (or 0.2%) to 1,796.8. Representing a weighting of about 7.2% of the sector, the stock accounted for 85.8% of today's gain. The shares have outperformed 94% of the market in the past week. Trading volume was 2.1 times average so far today.

+ Saudi Ceramic Co. (TASI:2040) has lifted 2.8% to trade at SAR18.50 vs. the Capital Goods which strengthened 11.1 points (or 0.3%) to 3,786.6. Representing a weighting of about 12.8% of the index, the stock accounted for the gain. The shares have outperformed 96% of the market in the past week. Trading volume was 18.5 times average so far today.

SECTOR BEARS

+ Saudi Basic Industries, Saudi Arabia's largest petrochemical industries company by market capitalisation, has decreased 0.6% to trade at SAR123.0 vs. the Materials which weakened 14.5 points (or 0.2%) to 5,732.8. Representing a weighting of about 58.2% of the index, the stock accounted for the loss. Trading volume was 71% of average at the end of the day. Compared with the All Share Index (TASI) which rose 14.9 points (or 0.2%) in the day, this represented a relative price change of -0.8%.

+ Mouwasat Medical Services, Saudi Arabia's 2nd largest retailer company by market capitalisation, has dropped 3.2% to trade at SAR88.0 vs. the Retailing sector which weakened 92.2 points (or 0.5%) to 18,696.7. Representing a weighting of about 16.2% of the sector, the stock accounted for the loss. Trading volume was 12% of average at the end of the day. Compared with the All Share Index (TASI) which rose 14.9 points (or 0.2%) in the day, this represented a relative price change of -3.4%.

+ Yanbu Cement Co. (TASI:3060) has decreased 1.4% to trade at SAR22.48 vs. the Cement sector which weakened 7.0 points (or 0.2%) to 2,887.0. Representing a weighting of about 10.7% of the sector, the stock accounted for 62.4% of today's loss. The shares have underperformed 85% of the market in the past week. Trading volume was 1.2 times average so far today.

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

HeadlineLastO/all Price Change52-Wk Low
Yanbu Cement hits 52-week low fourth time in one month 16 August 2018 11:25 AST this morning, closing higher at SAR22.76SAR22.76-4.0 hallalah [-0.18%]SAR36.20

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Saudi Industrial Services keeps rising: up 9.5% in 4 days 16 August 2018 11:25 AST, it closed at SAR13.44SAR13.4422.0 hallalah [1.66%]0.7
Development Works Food keeps rising: up 7.3% in 3 days 16 August 2018 11:25 AST, it closed at SAR64.40SAR64.40SAR1.60 [2.55%]0.4
United Electronics keeps rising: up 10.4% in 4 days 16 August 2018 11:25 AST, it closed at SAR54.30SAR54.30-70.0 hallalah [-1.27%]1.5

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Saudi Industrial Investment down 3.4% in 2 days 16 August 2018 11:25 AST, it closed at SAR26.95SAR26.95-55.0 hallalah [-2%]0.9
Saudi Indian Company for Co- operative Insurance keeps sliding: down 9.4% in 3 days 16 August 2018 11:25 AST, it closed at SAR9.65SAR9.65-15.0 hallalah [-1.53%]1.1
National Agriculture Development down 2.2% in 2 days 16 August 2018 11:25 AST, it closed at SAR32.05SAR32.055.0 hallalah [0.16%]0.1

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Methanol Chemicals increased 1.6% - outperforming 99% of stocks 16 August 2018 11:25 AST, it closed at SAR12.34SAR12.3412.0 hallalah [0.98%]0.9

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Malath Cooperative Insurance and Reinsurance decreased 1.0% - underperforming 84% of stocks 16 August 2018 11:25 AST, it closed at SAR13.90SAR13.90-0.2