ALCO
28.84 SAR
-0.38%
Today
-0.10%
1D
Market is open
Sun
Closed
Mon
12:00 AM ~ 12:00 PM
Tue
12:00 AM ~ 12:00 PM
Wed
12:00 AM ~ 12:00 PM
Thu
12:00 AM ~ 12:00 PM
Fri
12:00 AM ~ 12:00 PM
Sat
Closed
Information
Name
Alujain Holding Leveraged
Currency
SAR
Standard Leverage
1X
Enhanced Leverage
2X
Overnight Fees Buy
-0.0167%
Overnight Fees Sell
-0.0167%
Market Cap
2.00B
Avg Daily Volume
433.55K
52 Week High
38.3 SAR
Trading Hours
See hours
Overnight Fees Calculator
| Daily Overnight Fee % | Daily Overnight Fee $ | |
|---|---|---|
| BUYS | -0.01670% | $(0.167) |
| SELLS | -0.01670% | $(0.167) |
*Results displayed are estimates. Actual fees may differ from those shown as market conditions change.
Business Summary
Alujain Corporation, together with its subsidiaries, produces and sells propylene and polypropylene products in the Kingdom of Saudi Arabia and internationally. It also engages in the manufacture, distribution, and sale of geo-synthetic products, as well as involved in the derivatives, establishment, and operation; and manufacture of plastics and synthetic rubber in their primary forms. In addition, the company operates and invests in petrochemical and chemical industries, as well as in basic and transformational, plastic, renewable energy, and other industries. The company was formerly known as Alujain Holding Corporation and changed its name to Alujain Corporation in May 2022. Alujain Corporation was founded in 1991 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
What does defensive trading mean?
Defensive trading means investing in stocks or assets that are less sensitive to economic cycles and tend to perform steadily during market downturns, such as utilities, healthcare, and consumer staples. It’s a strategy to protect your portfolio from volatility and losses during uncertain or declining markets.
Why are utilities a defensive sector?
Utilities are a defensive sector because they provide essential services like electricity and water that people need regardless of the economy, so their demand remains stable even during economic downturns. This stability leads to steady revenues and dividends, making utilities less volatile compared to other sectors.
What are defensive stocks?
Defensive stocks are shares of companies that provide essential goods or services, such as utilities, healthcare, and consumer staples. These stocks tend to remain stable and perform well even during economic downturns because their products are always in demand.
How do you trade defensively?
To trade defensively, focus on investing in stable, low-volatility stocks like utilities, healthcare, and consumer staples that perform well during market downturns. Also, diversify your portfolio, avoid high-risk bets, and consider using strategies like stop-loss orders to protect against big losses.
