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Overvalued stocks — Emirati 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.

           
AGLTY AGILITY PUBLIC WAREHOUSING
7.600.26%0.02Buy4.680K24.357B31.030.24Transportation
DIN DUBAI INSURANCE CO PSC
7.500.00%0.00Buy0675.000M12.610.59Finance
ERC EMIRATES REFRESHMENTS CO PJSC
9.953.22%0.31Buy301.191K289.200M-0.32Consumer Non-Durables
IFA INTERNATIONAL FINANCIAL ADVISORS
1.780.00%0.00Buy0408.171M2.840.63Finance
SHUAA SHUAA CAPITAL PJSC
0.71-1.66%-0.01Buy9.424M1.820B4.440.16Finance
UFC UNITED FOODS CO PJSC
5.6014.29%0.70Strong Buy35.000K152.460M5.060.97Consumer Non-Durables
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