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.

           
AGLTY AGILITY PUBLIC WAR
10.600.00%0.00Buy025.395B24.290.44Transportation
ASCANA ARABIAN SCANDINAVI
1.750.00%0.00Buy0278.740M26.880.07Finance
BHMCAPITAL BHM CAPITAL
0.330.00%0.00Buy0185.970MFinance
DIN DUBAI INSURANCE CO
8.330.00%0.00Buy0833.000M14.000.59Finance
IFA INTL FINL ADV HLDG
2.040.00%0.00Buy0358.837M1.981.03Finance
MASQ MASHREQBANK PSC
69.000.00%0.00Buy012.250B-9.73Finance
NGI NATIONAL GENL INS
3.100.00%0.00Buy0464.858M5.960.52353.00Finance
OIC OMAN INSURANCE CO
2.640.00%0.00Buy01.219B6.120.43Finance
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