NCB Capital launches new technical analysis service for brokerage clients

Placing its clients’ financial goals and aspirations above all else, NCB Capital, the leading provider of wealth management services and the Kingdom’s largest asset manager, offers investors all the tools they need to make smarter stock market trading decisions that best suit their needs in the Saudi Stock Market. 

It has now augmented those tools by launching a new technical analysis service free to subscribers of its trading platform. These daily alerts, provided in conjunction with leading market technicians Recognia, are themed “Supporting you for a smarter decision” and are designed to aid investors by providing technical analysis reports that highlight trading opportunities. 

This innovative new service automatically identifies opportunities in the stock market and expected buying/selling prices in companies in an easy-to-read format, using simple graphics and charts to present important data. Clients can quickly read the analysis in either Arabic or English without having any technical knowledge. 

Commenting on this new service, Jawdat Al Halabi, CEO of NCB Capital, said, “An essential component in building our role as a trusted advisor to clients is the depth of thinking and analysis that we offer them. Over the last few years we have invested in building a platform that incorporates the latest trading tools and research analysis and these new alerts will play an important role in helping our clients make the right financial decisions”.

Combining the latest technologies with award-winning equity research and real-time analytical tools, NCB Capital helps clients make the right trades. And for those engaged in larger volume trading it provides direct access to expert brokers in its central dealing room, who track market news, interpret research and provide insights and information to help them make the most appropriate trading and investment decisions of the day. 

Mr Al Halabi continued, “Putting these tools in place was as a direct result of understanding what investors really need to be successful. NCB Capital undertook an extensive study of the Saudi market and trading habits and found that many investors made their decisions unsupported by market information, or on information from informal sources, while only a few relied on any technical analyses of the stock market. 

“The firm understood that good decisions can only be made with a full understanding of relevant facts and so launched the first research services that addressed a fundamental analysis of the Saudi stock market.  Our new alerts service is a direct evolution of that approach. 

“From individuals and families looking to receive advice on how to manage their portfolio of assets, to companies looking to help their employees save for the future, a combination of asset protection and long-term growth is key. Our securities services and products can play an important role in helping clients realize their financial goals.  This approach is helping us to confirm our position as the leading provider of wealth management services in the Kingdom.” 

At the core of the firm’s provision of essential investment analysis is a dedicated, market-leading research team, providing insightful and constantly updated data and analysis on the Saudi equity market. It also publishes views on the region’s financial and economic landscape, positioning NCB Capital as a wealth management thought leader and the leading source of analysis and insight for the Saudi market.

This commitment to quality analysis is reflected by the team’s repeated success in winning the annual Euromoney Middle East Equity Research award as the number one provider for three sectors over the last three consecutive years, as well as coming in the top three in all other sectors covered by the team. 

Mr. Khaled Taher, Head of Trade at NCB Capital, further highlighted the importance and benefits of the new technical analysis service of NCB Capital Tadawul saying: “The stock market trading business carries within it high risks, thus decisions based on knowledge are way better than those based on intuition or on information from unreliable sources. Technical Analysis helps clients to determine the expected secure entry and exit zones in stocks, predict future stock movement, and make investment decisions accordingly, and learn how others think, and thus build an appropriate trading plan accordingly.” 

Taken together, the tools and technology that NCB Capital offers its clients and the power of its trading platform will help to grow the ability of local investors of all sizes to access the market.