Smallcap Segment Shows Positive Growth, Drake & Scull Upgraded to Bullish

Drake & Scull International PJSC - Mildly Bullish to bullish

The smallcap segment of the market has been making waves today, with Amlak Finance PJSC emerging as the top performer with a return of 14.58%. This comes as no surprise as the company has been consistently delivering strong financial results and has been gaining investor confidence.

On the other hand, Easy Lease Motorcycle Rental PJSC has been the worst performer in this segment, with a return of -2.61%. This could be attributed to the current economic climate and the impact of the pandemic on the transportation industry.

Despite this, the overall advance decline ratio in the smallcap segment remains positive, with 12 stocks advancing and only 10 declining. This indicates a healthy market sentiment and a potential for further growth.

In terms of technical calls, there have been some recent changes in the smallcap index. Union Properties Ltd., Deyaar Development PJSC, and Drake & Scull International PJSC have all been upgraded from mildly bullish to bullish. This could be a sign of positive developments and potential for these stocks to perform well in the near future.

Investors in the smallcap segment should keep a close eye on these stocks and consider them for their portfolio. With the market showing signs of recovery and the smallcap segment performing strongly, now may be a good time to make strategic investments. However, as with any investment, it is important to conduct thorough research and consult with a financial advisor before making any decisions.