- Naranj Research Desk
5% – 7%
12 - 14 Days
5% – 7%
12 - 14 Days
Basic Chemical Industries (BCI) is a prominent chemical company, headquartered in Dammam, Saudi Arabia. It plays a significant role in the country’s chemical industry, manufacturing and supplying a wide range of Chemicals; and Adhesives and Other Materials segments, for various sectors. The Chemicals segment manufactures and sells industrial chemicals, such as hydrochloric acid, caustic soda, chlorine gas, sodium hypochlorite, and polyurethane chemicals. The Adhesives and Other Materials segment manufactures and sells ferric chloride, hot and cold melt adhesives, and sulfuric acid. BCI is also involved in the purchase, formulation, processing, import, export, marketing, distribution, and acting as an agent for the sale of its products, which makes it a key player in driving economic growth and supporting the development of Saudi Arabia’s industrial sector.
BCI — TASI —
| Indicator | Value | Zone |
|---|---|---|
| RSI-14 | 73.19 | Overbought |
| CCI-20 | 238.43 | Overbought |
| Stochastic RSI | 100.00 | Overbought |
| Stochastic %K | 92.69 | Overbought |
| William %R | -3.40 | Neutral |
| EMA | Value | Stock Position |
|---|---|---|
| 10 EMA | 24.06 | Above |
| 20 EMA | 23.78 | Above |
| 50 EMA | 23.95 | Above |
| 100 EMA | 24.40 | Above |
| 200 EMA | 25.22 | Above |
Based on our stock trading advice in Saudi Arabia, Basic Chemical Industries stock price target will be SAR 26.5 - SAR 27 in the next 12-14 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.
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