- Naranj Research Desk
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
5% – 7%
12 - 14 Days
5% – 7%
12 - 14 Days
The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. The company operates in four segments: Transportation of Oil; Transportation of Chemicals; Logistics; and Transportation of Dry Bulk. It transports crude oil and petrochemical products; and provides technical ship management and logistics services. The company also engages in agency activities for maritime shipping companies; cargo clearance and coordination for transport and storage on-board vessels; and other marine transport activities. In addition, it owns land and properties; and owns shares in other companies. As of December 31, 2023, the company’s fleet consisted of 88 owned vessels and 10 vessels under lease contract, including 38 very large crude-oil carriers and 1 product tanker for the crude oil transportation sector; 36 tankers in the spot market and 6 tankers under charter agreements for the chemical transportation sector; 6 RoCon vessels for the logistics sector; and 11 vessels for the dry bulk transportation sector. The National Shipping Company of Saudi Arabia was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
BAHRI — TASI —
| Indicator | Value | Zone |
|---|---|---|
| RSI-14 | 71.97 | Overbought |
| CCI-14 | 107.58 | Overbought |
| ROC | 19.23 | Positive |
| Stochastic %K | 66.55 | Neutral |
| William %R | -8.79 | Overbought |
| EMA | Value | Stock Position |
|---|---|---|
| 5 DEMA | 28.49 | Above |
| 10 DEMA | 27.96 | Above |
| 20 DEMA | 26.78 | Above |
| 50 DEMA | 25.03 | Above |
| 100 DEMA | 24.23 | Above |
| 200 DEMA | 23.76 | Above |
Based on our KSA trading and investment advice, The National Shipping Company of Saudi Arabia stock price target will be SAR 31.5 - SAR 32 in the next 10-12 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
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