Bahri stock tests key levels amid recovery hopes

The share of the Saudi National Shipping Company (Bahri) is approaching important technical levels amid anticipation of regaining upward momentum. The stock has maintained its stability above strategic support zones between 33.46 and 34.00 riyals, which enhances the prospects for a continued upward trend. Analysts indicate that breaking above 35.94 riyals, coupled with increased trading volumes, could pave the way for higher resistance levels at 36.74 and 38.80 riyals. Meanwhile, the level of 34.16 riyals remains a key support, and any decline below it could limit the chances of further short-term gains.

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