Alinma shares face support test amid selling pressure

Alinma Bank's stock is facing strong selling pressures after rising at the beginning of 2026. It is currently testing a key support level between 23.20 and 23.44 riyals to maintain the upward trend. If the stock closes below 23.20 riyals, it may decline to 22.70 riyals, with the decline extending to areas between 22.28 and 21.85 riyals if selling pressure persists. Conversely, breaking above the 23.95 riyals region could bring the stock back to a more stable path and support a short-term recovery. Since the start of the year, the stock rebounded from the 19.80 riyals level before reaching 24.75 riyals, but it later faced selling pressures, resulting in a partial retracement of its gains. Technical indicators suggest that buying momentum remains weak, making the 21.85 riyals support level critical to avoiding further decline.

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