SAUDIPAPER
62.80 SAR
+0.32%
Today
-0.16%
1D
Market is closed
Sun
10:00 AM ~ 3:00 PM
Mon
10:00 AM ~ 3:00 PM
Tue
10:00 AM ~ 3:00 PM
Wed
10:00 AM ~ 3:00 PM
Thu
10:00 AM ~ 3:00 PM
Fri
Closed
Sat
Closed
Information
Name
Saudi Paper Manufacturing
Currency
SAR
Standard Leverage
1X
Market Cap
2.35B
Avg Daily Volume
136.08K
52 Week High
66.65 SAR
52 Week Low
47 SAR
Trading Hours
See hours
Business Summary
Saudi Paper Manufacturing Company, together with its subsidiaries, engages in the purchase, manufacture, and distribution of paper pulp and tissue paper products in the Kingdom of Saudi Arabia, the Gulf Cooperation Council countries, and internationally. It operates in Manufacturing; and Trading and Others segments. The company offers facial tissues, kitchen towels, maxi rolls, toilet paper, interfold towels, table napkins, interfolds, underpads, pocket tissues, napkins, and industrial tissue products under the Mouchoir, Excellence, City, SPC Pro, and Jumbo Roll brands. It is also involved in the collection, sorting, pressing, and transportation of wastepaper; destruction and shredding of archives and confidential documents; sorting and classifying; packaging; and environmental protection services. Saudi Paper Manufacturing Company was founded in 1989 and is based in Dammam, the Kingdom of Saudi Arabia.
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.
