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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.
35.950.42%0.15Buy916.172K1.740B0.68Process Industries
1211 SAUDI ARABIAN MINING CO.
68.501.48%1.00Strong Buy1.482M79.004B91.740.74Non-Energy Minerals
2001 METHANOL CHEMICALS CO.
29.70-1.33%-0.40Buy2.609M1.953B-3.23Process Industries
2060 NATIONAL INDUSTRIALIZATION CO.
21.64-1.10%-0.24Buy4.574M14.315B-0.06Producer Manufacturing
2070 SAUDI PHARMACEUTICAL INDUSTRIES AND MEDICAL APPLIANCES CORP.
59.900.17%0.10Buy125.872K6.996B68.120.88Health Technology
2081 ALKHORAYEF WATER AND POWER TECHNOLOGIES CO.
131.603.62%4.60Strong Buy2.435MIndustrial Services
2310 SAHARA INTERNATIONAL PETROCHEMICAL CO.
33.902.11%0.70Strong Buy3.904M23.173B37.820.88Process Industries
2350 SAUDI KAYAN PETROCHEMICAL CO.
19.560.20%0.04Strong Buy9.545M28.380B130.130.15Process Industries
2380 RABIGH REFINING AND PETROCHEMICAL CO.
27.60-1.43%-0.40Buy2.298M24.090B-1.52Energy Minerals
4005 NATIONAL MEDICAL CARE CO.
72.20-1.63%-1.20Buy141.853K3.139B32.972.23Health Services
4150 ARRIYADH DEVELOPMENT CO.
28.05-1.92%-0.55Buy2.218M5.120B12.952.21Finance
4220 EMAAR THE ECONOMIC CITY
13.446.50%0.82Strong Buy26.905M10.574B-1.37Finance
7201 ARAB SEA INFORMATION SYSTEM CO.
149.00-1.84%-2.80Buy772.062K1.490B-1.45Distribution Services
9512 RIYADH CEMENT CO.
36.55-0.68%-0.25Buy23.513K4.488B20.081.83Non-Energy Minerals
9514 MOHAMMED HASAN ALNAQOOL SONS CO.
132.006.80%8.40Strong Buy124.406KNon-Energy Minerals
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