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Astra Industrial Group is headquartered in Riyadh, Saudi Arabia. The company engages in the production, marketing and distribution of medicine and pharmaceutical products, polymer compounds, plastic additives, color concentrates and other plastic products, pre-engineered steel buildings and steel structures in Saudi Arabia and abroad. Astra Industries focuses on three areas of activities in energy sector; power generation, distribution and substations and power rental.
Astra Farms is engaged in production of fruits, vegetables, flowers, quails, poultry, dairy and processed food.
Astra Grains: primarily located in Jeddah and is engaged in the general trading of food commodities, such as nuts, pulses, spices, edible oils, coffee, rice and more.
Astra Commercial: serves the North Western part of Saudi Arabia. This branch is engaged in the retail and wholesale business of grocery items, bakery, gas station. Apart from these Astra Industries also engaged in the services of mining, financial services and investment, education & healthcare, real estate and hospitality, media and telecommunication.
The group subsidiaries conduct their businesses inside and outside Kingdom of Saudi Arabia.
Astra Industrial — TASI —
Current RSI of this stock is 60.93, which indicates the strength of buyers.
The short length exponential moving average (10 EMA) has crossed 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.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our advice, Astra Industrial may rise to SAR 190 to SAR 192 in the next 12 to 14 trading sessions, creating an opportunity to profit by trading KSA stocks.
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.
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