Market Movements Now | 3 Saudi Stocks Reach New 52-Week High; Latest Institutional Ratings Updated for ELM (7203)
ALHAMMADI 4007.SA | 41.80 | -0.36% |
YC 3020.SA | 36.25 | 0.00% |
BUDGET SAUDI 4260.SA | 82.80 | +3.24% |
ELM 7203.SA | 1171.20 | -0.71% |
MEPCO 1202.SA | 38.40 | -0.13% |
The Tadawul All Shares Index(TASI.SA) is slightly down by approximately 0.1%, with no significant changes in the support and resistance levels.
Latest Institutional Ratings Update:
| Company | Rating | Rating Day Price | Target Price | Change | Research Firm | Date | Previous Rating |
|---|---|---|---|---|---|---|---|
| Al Hammadi Holding(4007.SA) | Neutral | 45.90 | 52.00 | 13.29 % | AlJazira Capital | 04/09/2024 | Neutral |
| Yamama Cement Co.(3020.SA) | Neutral | 32.50 | 36.00 | 10.77 % | Riyad Capital | 04/09/2024 | Neutral |
| United International Transportation Co.(4260.SA) | Neutral | 90.80 | 96.00 | 5.73 % | AlJazira Capital | 03/09/2024 | Overweight |
| Elm Co(7203.SA) | Neutral | 1,005.00 | 965.00 | (3.98 %) | Riyad Capital | 04/09/2024 | Neutral |
Monitoring Major Shareholders' Holdings
| Date | Company | Major Shareholder | Change (%) | Current Holding (%) | Previous Holding (%) |
| 2024/9/2 | Middle East Paper Co.(1202.SA) | Abdulqader Al Muhaidib & Sons Co.(Al Muhaidib Group) | -0.06% | 9.25% | 9.31% |
| 2024/9/2 | Jabal Omar Development Co.(4250.SA) | Jabal Omar Founders(Jabal Omar Founders) | -0.98% | 8.55% | 9.53% |
| 2024/9/2 | Fitaihi Holding Group(4180.SA) | Riadh M. AL-Humaidan | -1.27% | 7.80% | 9.07% |
| 2024/9/2 | East Pipes Integrated Company for Industry(1321.SA) | Vision International Investment Company closed joint stock(EAST PIPES) | - | Less than 5 % | 11.55% |
New 52-Week High as of 10:50 am
| Company | Price (SAR) |
|---|---|
| Almasane Alkobra Mining Co(1322.SA) | 70.40 |
| Halwani Bros. Co.(6001.SA) | 64.00 |
| Retal Urban Development co.(4322.SA) | 13.98 |
Sector Performance as of 10:43 am
Health Care Equipment & Services sector, up by +0.85%. Pharma, Biotech & Life Science and Consumer Services sectors also posted modest gains of +0.64% and +0.51%, respectively.
Top Gainers as of 10:43 am
The top-performing stocks at this point include:
- Saudi Industrial Export Co.(4140.SA) (SIECO), surging +9.88% to 2.78 SAR.
- Saudi Fisheries Co.(6050.SA) (SFICO), advancing +8.29% to 26.40 SAR.
- Fawaz Abdulaziz Alhokair Co.(4240.SA) (CENOMI RETAIL), rising +7.97% to 10.84 SAR.
- Wafrah for Industry and Development Co.(2100.SA) (WAFRAH), gaining +5.10% to 45.30 SAR.
- Anaam International Holding Group(4061.SA), up +3.67% to 1.13 SAR.
- Reporting by Zaid, Sahm News team
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