- Naranj Research Desk
Taiba Investment Company engages in various real estate activities, including investment, acquisition, development, sale, leasing, operation, maintenance, marketing, and management of properties in Saudi Arabia. Additionally, the company invests in and oversees hotels, hospitals, tourist resorts, recreational facilities, and tourism-related establishments. It also assumes responsibility for the operation, maintenance, and management of cities and public facilities. Furthermore, Taiba Investment Company is involved in architectural, civil, mechanical, and electrical contracting, as well as industrial and mining operations. The company also offers credit and mortgage services. Originally known as Taiba Holding Co., is headquartered in Riyadh, Saudi Arabia.
TAIBA — TASI —
MACD line has just crossed the signal line from the below, generates bullish signal.
The short length exponential moving average (5 EMA) has crossed the long length exponential moving average (10 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.
Based on our Saudi stocks advisory, Taiba Investments stock price target will be SAR 47.5 - SAR 48 in the next 10-12 trading sessions.
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