Al -Bilad and “Development” shares at the lowest annual … and continuous pressures on “UCIC”

The Saudi financial market “Tassi” witnessed during the trading today, Thursday, a noticeable decrease in the price of 4 companies, as the “Alinma” share recorded its lowest level in a year at 26.15 riyals, which equals its levels in October 2023.

This decline comes despite the recommendations of the majority of analysts to purchase, according to the “Bloomberg” data, while 8 analysts recommended to keep, while no recommendation was issued to sell, and the target price for the share was set within 12 months at 34.28 riyals.

In the same context, Al -Bilad Bank’s share fell to its lowest annual level at 25.90 riyals, to reach the prices of December 2023. Despite this decrease, the evaluation of analysts at Bloomberg showed a relatively optimistic, as the target price of the share during 12 months reached about 30.70 riyals, with the recommendation of two analysts to buy, and 6 analysts to keep, compared to a single sale.

On the other hand, the shares of the United Cartoon Carton Company continued to circulate it below the subscription price, to record 46.10 riyals, to have been pressured since its inclusion. The share of “Raydan” also recorded its lowest level since its launch in the market, at 14.88 riyals.

These moves reflect a state of contrast between technical assessments and market movements, which opens the door for the future of the performance of these stocks in light of the current economic changes.