"Batic Investment" stock records the largest daily decline in 11 weeks

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Shares of "Batic Investments and Logistics" recorded today, Sunday, the largest daily decline in 11 weeks, reaching its lowest price level since the session on November 2, 2023, at $0.48 (1.81 riyals).

The trading volume on the stock was about 92% higher than the average trading over the last 20 sessions.

The stock has declined by 4.6% over the past five sessions, while it dropped by 9.3% over the month.

Since the beginning of this year, "Batic" shares have decreased by 5.6%, while its losses over 52 weeks amounted to about 19%, compared to a decline of 0.4% in the Saudi financial market index "TASI" during the same period.

In terms of financial indicators, the price-to-book ratio of the share is about 2.55 times, while the price-to-earnings ratio over 12 months is about 38 times.

The accumulated losses of "Batik" amount to approximately 3.4% of the capital, equivalent to more than 5.3 million dollars (20 million riyals).

Regarding major shareholders, Princess Nouf bint Khalid bin Abdulaziz Al Saud owns about 6% of the company's shares, while Turki Ibrahim Mansour Al-Rajhi owns about 11%, while the remaining percentage is distributed among other shareholders.