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Overvalued stocks — Saudi Stock Market

Stocks that have significantly increased in price due to a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.

           
2001 METHANOL CHEMICALS CO.
28.952.12%0.60Buy6.156M1.953B-3.23Process Industries
2060 NATIONAL INDUSTRIALIZATION CO.
21.401.71%0.36Strong Buy8.327M14.315B-0.06Producer Manufacturing
2070 SAUDI PHARMACEUTICAL INDUSTRIES AND MEDICAL APPLIANCES CORP.
58.300.34%0.20Buy142.234K6.996B66.190.88Health Technology
2081 ALKHORAYEF WATER AND POWER TECHNOLOGIES CO.
128.004.07%5.00Strong Buy4.821MIndustrial Services
2240 ZAMIL INDUSTRIAL INVESTMENT CO.
42.300.59%0.25Buy1.880M2.538B-2.09Industrial Services
2380 RABIGH REFINING AND PETROCHEMICAL CO.
27.503.77%1.00Strong Buy6.813M24.090B-1.52Energy Minerals
4005 NATIONAL MEDICAL CARE CO.
70.001.30%0.90Strong Buy430.150K3.139B31.042.23Health Services
4150 ARRIYADH DEVELOPMENT CO.
28.805.49%1.50Strong Buy12.934M5.120B12.362.21Finance
6012 RAYDAN FOOD CO.
31.051.47%0.45Strong Buy7.769M1.048B-2.88Consumer Services
7200 AL MOAMMAR INFORMATION SYSTEMS CO.
160.000.63%1.00Buy345.037K4.000B46.073.45Technology Services
7201 ARAB SEA INFORMATION SYSTEM CO.
149.002.48%3.60Strong Buy1.434M1.490B-1.45Distribution Services
8190 UNITED COOPERATIVE ASSURANCE CO.
29.750.17%0.05Buy939.599K1.190B-1.69Finance
8200 SAUDI RE FOR COOPERATIVE REINSURANCE CO.
18.962.44%0.45Buy3.128M1.689B0.61Finance
9501 DEVELOPMENT WORKS FOOD CO.
207.003.40%6.80Strong Buy55.916K517.500M-1.72Consumer Services
9512 RIYADH CEMENT CO.
37.405.80%2.05Strong Buy415.663K4.488B19.291.83Non-Energy Minerals
9514 MOHAMMED HASAN ALNAQOOL SONS CO.
124.00-0.80%-1.00Buy65.825KNon-Energy Minerals
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