Saleh Al-Rashed shares recover after historic low

The stock of Saleh Abdulaziz Al-Rashid and Sons experienced a technical recovery phase following sharp declines that led it to hit its lowest historical level at 36.60 riyals in August 2026. It has begun regaining upward momentum supported by its stability above the 50-day moving average. The stock is now approaching a key resistance zone between 42.96 and 43.22 riyals, and a breakout above this area on high trading volumes is considered a positive indicator that could push the stock toward target levels between 44.24 and 45.38 riyals, with resistance at 46.35 riyals. The nearest support to maintain the bullish trend is at 40.85 riyals. After its listing in March 2026 at 45 riyals, the stock reached a high of 69.70 riyals in April, then declined before entering its current recovery phase.

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