Emirati Stock Market
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.
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AIRARABIA
AIR ARABIA
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1.21 | 0.83% | 0.01 | Buy | 755.106K | 5.600B | — | -0.11 | 559.00 | Industrials |
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DIN
DUBAI INSURANCE CO
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4.00 | 0.00% | 0.00 | Buy | 0 | 400.000M | 6.53 | 0.61 | — | Financials |
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DRC
DUBAI REFRESHMENTS
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10.20 | 0.00% | 0.00 | Buy | 0 | 918.000M | 18.19 | 0.56 | — | Consumer Non-Cyclicals |
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EIB
EMIRATES ISLAM BK
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10.00 | 0.00% | 0.00 | Buy | 0 | 54.304B | 48.19 | 0.21 | 1045.00 | Financials |
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EIBANK
EMIRATES INV BANK
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400.00 | 0.00% | 0.00 | Sell | 0 | 280.000M | 8.81 | 45.42 | — | Financials |
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GULFA
GULFA MINERAL WATE
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8.24 | 0.00% | 0.00 | Buy | 0 | 247.200M | — | -0.36 | 111.00 | Consumer Non-Cyclicals |
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NCC
NATIONAL CEMENT
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2.60 | 0.00% | 0.00 | Buy | 0 | 932.880M | — | -0.09 | 502.00 | Basic Materials |
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NGI
NATIONAL GENL INS
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2.15 | 0.00% | 0.00 | Buy | 0 | 322.401M | 9.40 | 0.23 | 380.00 | Financials |
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NIND
NATIONAL INDS GRP
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3.00 | 0.00% | 0.00 | Buy | 0 | 4.116B | 8.94 | 0.33 | 73.00 | Industrials |
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OIC
OMAN INSURANCE CO
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2.26 | 0.00% | 0.00 | Strong Buy | 0 | 1.044B | 36.03 | 0.06 | — | Financials |
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