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 | 419.989M | — | -0.01 | 3.00 | Consumer Cyclicals |
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ALSALAMKW
ALSALAM GROUP HLDG
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0.47 | 9.15% | 0.04 | Strong Buy | 2.846M | 116.016M | 30.17 | 0.01 | 15.00 | Financials |
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CBD
COMM BK OF DUBAI
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4.00 | 2.56% | 0.10 | Strong Buy | 900.000K | 11.211B | 9.17 | 0.44 | 1110.00 | Financials |
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DIC
DUBAI INVESTMENTS
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1.60 | 0.00% | 0.00 | Buy | 9.769M | 6.803B | 10.44 | 0.15 | 1633.00 | Financials |
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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 | 7.58 | 52.79 | — | Financials |
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EMIRATESNBD
EMIRATES NBD PJSC
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12.00 | 0.42% | 0.05 | Buy | 2.447M | 65.733B | 6.81 | 1.76 | 6922.00 | Financials |
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GFH
GFH FINANCIAL GRP
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1.08 | -0.92% | -0.01 | Buy | 15.203M | 3.649B | 7.94 | 0.13 | 99.00 | Financials |
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GULFA
GULFA MINERAL WATE
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8.24 | 0.00% | 0.00 | Buy | 0 | 247.200M | — | -0.55 | 111.00 | Consumer Non-Cyclicals |
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NCC
NATIONAL CEMENT
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2.36 | 0.00% | 0.00 | Buy | 0 | 846.768M | — | -0.10 | 502.00 | Basic Materials |
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NIH
NATL INTERNATIONAL
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0.85 | 0.00% | 0.00 | Buy | 0 | 193.654M | 6.95 | 0.14 | — | Financials |
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NIND
NATIONAL INDS GRP
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2.24 | 0.00% | 0.00 | Buy | 0 | 3.763B | 15.70 | 0.18 | 73.00 | Industrials |
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OUTFL
ORIENT UNB TAKAFUL
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100.00 | 0.00% | 0.00 | Neutral | 0 | 200.000M | — | -4.61 | — | Financials |
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SALAMA
ISLAMIC ARAB INSUR
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0.59 | 2.61% | 0.02 | Buy | 30.400M | 702.278M | 7.77 | 0.08 | 58.00 | Financials |
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SHUAA
SHUAA CAPITAL
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1.04 | 0.97% | 0.01 | Buy | 5.094M | 1.078B | 40.72 | 0.03 | 365.00 | Financials |
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UNIKAI
UNIKAI FOODS
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8.44 | 0.00% | 0.00 | Buy | 0 | 273.209M | — | -0.63 | 1582.00 | Consumer Non-Cyclicals |
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UPP
UNION PROPERTIES
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0.43 | 1.42% | 0.01 | Buy | 57.243M | 1.845B | 29.57 | 0.01 | 9110.00 | Financials |
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