Riyadh-Mubasher: Riyad Capital placed a 'Hold' recommendation on Advanced Petrochemical Co. (APC), setting the price target at SAR 53 compared with the stock price of SAR 47.58 on 3 November.

The research firm added that its outlook for the company is still positive but the current evaluations lower the investment options.

The stock is considered a good investment option as the dividends reach SAR 3 a share, with a return of 6.3%, but the expected rise in the stock price is limited at 11%.