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2026-07-09T00:00:00.000Z

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Taqweem's share tests historic support levels amid ongoing selling pressure

Taqweem's share tests historic support levels amid ongoing selling pressure

Takamoor Advanced Industries Company's stock experienced a significant decline, recording historic support lows of around 4.90 riyals amid strong selling pressures and a lack of buying momentum for a recovery. Technical analyses indicate ongoing weakness in the overall trend, with expectations of continued decline toward levels between 4.70 and 4.55 riyals if trading remains below the current support level. Conversely, the stock needs to surpass 5.20 riyals to regain positive momentum and halt the downward movement.

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