- Naranj Research Desk
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Al Rajhi Bank is involved in offering a range of banking, financing, and investment services. It operates through various segments, namely Retail, Corporate, Treasury, and Investment Services Brokerage, and Other. The Retail segment focuses on catering to individual customers by providing services such as deposits, credit facilities, current accounts, and remittance business. The Corporate segment, on the other hand, deals with corporate customers and offers services like deposits, credit facilities, and current accounts. The Treasury segment specializes in providing treasury services and managing portfolios. Lastly, the Investment Services and Brokerage, and Other segments encompass investments made by individuals and corporations in mutual funds, share trading services, and investment portfolios. Established in 1957, the company is headquartered in Riyadh, Saudi Arabia.
ALRAJHI — TASI —
Current RSI of this stock is 62.00 which indicates the strength of buyers.
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 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.
Based on our Saudi stock trading ideas, Al Rajhi Bank stock price target will be SAR 86 - SAR 87 in the next 12-14 trading sessions.
