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Al Rajhi Bank (SAU:1120) 6-Month Price Index : 1.17 (As of Dec. 14, 2024)


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What is Al Rajhi Bank 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-14), Al Rajhi Bank's 6-Month Price Index is 1.17.

Competitive Comparison of Al Rajhi Bank's 6-Month Price Index

For the Banks - Regional subindustry, Al Rajhi Bank's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Al Rajhi Bank  (SAU:1120) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Al Rajhi Bank  (SAU:1120) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Al Rajhi Bank 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Al Rajhi Bank's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Rajhi Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Al Rajhi Bank (SAU:1120) » Definitions » 6-Month Price Index
Comparable Companies
SAU:1180 SAU:1010 SAU:1060 SAU:1150 SAU:1050 SAU:1140 SAU:1080 SAU:1030 SAU:1020 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
N/A
Address
8467 King Fahd Road, Unit No. 1, Al Muruj District, Riyadh, SAU, 12263 - 2743
Website
https://www.alrajhibank.com.sa
Al Rajhi Bank is an Islamic bank with a network of over 500 branches. Its segments include the Retail segment which includes accepting individual customer deposits, providing credit facilities, customer debit current accounts, fees from banking services, and remittance business; Corporate segment that incorporates deposits of VIP, corporate customer deposits, credit facilities, and debit current accounts, Treasury segment through which it offers treasury services, Murabaha with SAMA and international Mutajara portfolio; and Investment services and brokerage that incorporates investments of individuals and corporate in mutual funds, local and international share trading services and investment portfolios.

Al Rajhi Bank Headlines

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