Sadaq Shares Fall Near Support

The stock of Saudi Industrial Development Company (SADIC) is experiencing a significant decline and is approaching critical support levels within a downward price channel extending since July 2026. After breaking the previous support level at 15.50 SAR, it settled around 15.31 SAR, reflecting ongoing selling pressure. Technical analyses indicate that further decline could bring the stock to support levels between 15.02 SAR and 14.60 SAR, potentially heading towards 14.15 SAR if the attempt to hold fails. Conversely, maintaining above 15.80 SAR may limit the decline and enhance the prospects of temporary stability. The current price movement is part of a correction following an earlier upward wave that faced resistance at 17.95 SAR, with cautious expectations if selling pressures persist or if there is a short-term attempt at recovery.

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