ITIC Shares Hit Resistance in Trading Range

The share of the Saudi Reinsurance Company (Reinsurance) has experienced fluctuations within a sideways trading range between the support level of 23.90 SAR and the resistance at 29.10 SAR, with a balance between buying and selling forces. The stock started the session actively, with an upward gap close to the resistance, and a breakout above 29.10 SAR—especially with increased trading volumes—indicates the potential for continued upward movement toward levels between 29.92 and 30.55 SAR, reaching a resistance at 31.45 SAR. If the stock fails to break through the resistance, it will remain trading within the current range, with a focus on the support level at 27.80 SAR to avoid slipping below it. In 2026, the stock experienced notable fluctuations, alternating between sideways movement and recoveries at support levels around 23.55 SAR, with volatility between a support of 21.10 SAR and a resistance of 31.50 SAR.

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