SIPCHEM
14.96 SAR
-4.62%
Today
+0.61%
1D
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Information
Name
Sahara International Petrochemical Leveraged
Currency
SAR
Standard Leverage
1X
Enhanced Leverage
2X
Overnight Fees Buy
-0.0167%
Overnight Fees Sell
-0.0167%
Market Cap
10.85B
Avg Daily Volume
1.38M
52 Week High
21.23 SAR
52 Week Low
13.13 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
Sahara International Petrochemical Company owns, establishes, operates, and manages industrial projects related to chemical and petrochemical industries in the Kingdom of Saudi Arabia. The company operates through Basic Chemicals, Intermediate Chemicals, Polymers, Marketing, and Corporate and Others segments. It offers basic products, including methanol, butane, and carbon monoxide; and intermediate products, such as acetic acid, vinyl acetate monomer, ethyl acetate, butyl acetate, and utilities. The company also provides polymer products consisting of low-density polyethylene, polyvinyl acetate, polyvinyl alcohol, polybutylene terephthalate, polypropylene, and electrical connecting wire products; acetic anhydride, butanediol, caustic soda, ethylene dichloride, gamma butyrolactone, methanol, and tetrahydrofuran products. In addition, the company manufactures and sells molds, and related services; and engages in the manufacture of metal equipment and spare parts. Further, it produces ethylene-vinyl acetate films and industrial utility services. The company was formerly known as Saudi International Petrochemical Company and changed its name to Sahara International Petrochemical Company in May 2019. Sahara International Petrochemical Company was incorporated in 1999 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Top News
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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.
