Monitoring conducted by Okaz revealed that 41 companies listed on the major stock market (TASI) recorded record lows in trading last week. This is due to increased selling pressure that caused the stock prices of these companies to break through technical and historical support levels that they have never traded since they were listed on financial markets.
Thursday…Peak of decline
According to monitoring, in trading on Thursday, February 26th, 28 companies recorded historic lows using the following formula:
Genesis 5.36 Wire 16.00 UCIC 24 Kemanor 6.15 Najran Cement 6.25 Aljuf Cement 5.58 Talco 30.3 OGC 23.06 CGS 7.05 Tamkeen 46.36 Printing and Packaging 6.84 Theeb 31.64 Lumi 38.54 Raydan 18.00 Construction Station 49.3 Farm Market 12.44 Bin Dawood 4.38 Medical 46.9 Development 49.28 Modern Factory 25.66 Production 25 Equipment Factory 27.74 Fakih Medical 29.82 Canadian Medical Center 5.6 Tashir 135.10 Knowledge 22.72 ACIG 6.26 United Insurance 2.95 Emaar 8.28
Monitoring also showed that the following companies hit all-time lows during the session on Wednesday, February 25th.
Food Development 90.05 Al Omran 21.21 Naifat 11.14 Flexible 8.67 Sports Club 6.78
early last week
Monitoring also revealed that the wave of lows included the corporate session on Sunday, February 23rd.
Flynas 56 Aluminum Mine 49 Facilities 28.70 SACO 22.73 Leva 9.60 Amana Insurance 5.42
Al Fahriya’s stock price bottomed out on Tuesday, February 24th at the following levels:
According to a survey conducted by “Okazu”, 41 companies listed on the major stock market “TASI” recorded record lows in trading last week amid mounting selling pressure that caused the stock prices of these companies to break through technical and historical support levels, which have never fallen below since they were listed on the financial market.
Thursday..Peak of decline
According to the survey, in the Thursday, February 26th session, 28 companies hit all-time lows, as listed below.
Takween 5.36 Asraq 16.00 UCI 24 Kimanor 6.15 Najran Cement 6.25 Aljuf Cement 5.58 Talco 30.3 OGC 23.06 CGS 7.05 Tamkeen 46.36 Printing and Packaging 6.84 Tib 31.64 Lumi 38.54 Ridan 18.00 Construction Station 49.3 Al Mazra Market 12.44 Bin Dawood 4.38 Al Dawar 46.9 Tanmia 49.28 Modern Mills 25.66 Production 25 Dar Al Mouadat 27.74 Fouqi Medical 29.82 Canadian Medical Center 5.6 Taseer 135.10 Diraya 22.72 Assij 6.26 United Insurance 2.95 Emal 8.28
The survey also revealed that the following companies hit all-time lows in the session on Wednesday, February 25th.
Food Development 90.05 Al Imran 21.21 Al Naifat 11.14 Murina 8.67 Sports Club 6.78
beginning of last week
The study also showed that the wave of lowest prices for the following companies included trading on Sunday, February 23rd.
Flynas 56 Al Munajem 49 Marafik 28.70 Sako 22.73 Leafa 9.60 Amana Insurance 5.42
Meanwhile, Al Fuhariya shares hit their lowest price on Tuesday, February 24th.
