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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.

           
1202 MIDDLE EAST PAPER CO.
37.85-0.92%-0.35Buy608.345K1.899B0.68Process Industries
1211 SAUDI ARABIAN MINING CO.
69.30-0.86%-0.60Buy174.247K86.018B93.230.74Non-Energy Minerals
2001 METHANOL CHEMICALS CO.
30.25-0.98%-0.30Buy948.843K2.061B-1.87Process Industries
2020 SABIC AGRI-NUTRIENTS CO.
129.400.62%0.80Buy49.655K61.218B39.193.27Process Industries
2060 NATIONAL INDUSTRIALIZATION CO.
21.720.37%0.08Buy895.557K14.475B-0.06Producer Manufacturing
2070 SAUDI PHARMACEUTICAL INDUSTRIES AND MEDICAL APPLIANCES CORP.
60.20-0.33%-0.20Buy19.459K7.248B67.560.88Health Technology
2310 SAHARA INTERNATIONAL PETROCHEMICAL CO.
34.151.79%0.60Buy3.038M24.603B37.590.88Process Industries
4020 SAUDI REAL ESTATE CO.
27.303.80%1.00Buy1.939M6.312B-0.59Finance
4150 ARRIYADH DEVELOPMENT CO.
28.750.35%0.10Buy351.387K5.093B12.972.21Finance
4260 UNITED INTERNATIONAL TRANSPORTATION CO.
48.15-0.10%-0.05Buy223.367K3.430B2.78Finance
4291 NATIONAL COMPANY FOR LEARNING AND EDUCATION
66.105.59%3.50Strong Buy579.280K2.692B70.440.89Consumer Services
4292 ATAA EDUCATIONAL CO.
62.707.73%4.50Strong Buy508.682K2.328B1.19Consumer Services
7201 ARAB SEA INFORMATION SYSTEM CO.
154.600.65%1.00Buy144.445K1.536B-1.45Distribution Services
8250 AXA COOPERATIVE INSURANCE CO.
43.000.23%0.10Buy69.137K2.145B14.612.92Finance
9512 RIYADH CEMENT CO.
37.850.26%0.10Buy29.868K4.530B20.301.83Non-Energy Minerals
9514 MOHAMMED HASAN ALNAQOOL SONS CO.
126.80-0.78%-1.00Buy6.819KNon-Energy Minerals
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