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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ALFIRDOUS
AL FIRDOUS HOLDING
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0.70 | 0.00% | 0.00 | Strong Buy | 0 | 420.057M | — | -0.01 | 3.00 | Consumer Cyclicals |
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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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EIB
EMIRATES ISLAM BK
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10.00 | 0.00% | 0.00 | Buy | 500 | 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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NAHO
NAEEM HOLDING
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2.09 | 0.00% | 0.00 | Buy | 0 | 346.948M | — | -0.02 | — | Financials |
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NCC
NATIONAL CEMENT
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2.40 | 0.00% | 0.00 | Buy | 0 | 861.120M | — | -0.08 | 502.00 | Basic Materials |
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NIH
NATL INTERNATIONAL
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0.85 | 0.00% | 0.00 | Buy | 0 | 152.356M | 5.35 | 0.14 | — | Financials |
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OUTFL
ORIENT UNB TAKAFUL
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100.00 | 0.00% | 0.00 | Neutral | 0 | 200.000M | — | -5.72 | — | Financials |
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UNIKAI
UNIKAI FOODS
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8.44 | 0.00% | 0.00 | Buy | 0 | 273.254M | — | -0.28 | 1582.00 | Consumer Non-Cyclicals |
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