- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Makkah Construction and Development Company is actively involved in investing, owning, developing, managing, purchasing, and leasing properties in close proximity to Al Masjid Al Haram in Saudi Arabia. The company also undertakes various engineering projects, which encompass building, construction, repair, and demolition activities. Additionally, it operates hotels and provides services for Hajj and Umrah. Established in 1989, the company is based in Mecca, Saudi Arabia.
MCDC — TASI —
Current RSI of this stock is 65.92, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
MACD line has crossed the signal line from the below, generates bullish signal.
Based on our stock selection for KSA Tadawul, Makkah Construction and Development stock price target will be SAR 113 - SAR 115 in the next 14-15 trading sessions.
