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
11.500.00%0.00Buy024.983B26.350.44Transportation
ARMX ARAMEX COMPANY
4.3914.92%0.57Strong Buy31.755M6.427B25.850.15Transportation
ASCANA ARABIAN SCANDINAVI
1.750.00%0.00Buy0243.320M26.880.07Finance
BHMCAPITAL BHM CAPITAL
0.330.00%0.00Buy0179.789MFinance
IFA INTL FINL ADV HLDG
2.040.00%0.00Buy0355.409M1.981.03Finance
MASQ MASHREQBANK PSC
72.500.00%0.00Buy012.871B-9.73Finance
NGI NATIONAL GENL INS
3.100.00%0.00Buy0464.858M5.960.52353.00Finance
NIND NATIONAL INDS GRP
2.470.00%0.00Buy04.361B5.330.46Finance
OIC OMAN INSURANCE CO
2.700.00%0.00Buy01.247B6.260.43Finance
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