Electrical Industries share faces pressure

The article presents the performance of the Electric Industries Company’s stock throughout 2026, highlighting its recent declines after reaching historic records and strong gains that began at the start of the year. Key support levels, especially at 14.40 riyals, have been broken, leading to a shift from an upward to a secondary downward trend, with expectations of further decline toward 13.17 riyals and 12.90 riyals if selling pressures persist. Conversely, the stock had reached a high of 19.46 riyals in April before deteriorating. The 16.00 riyal zone remains a major resistance level that must be regained for the bullish trend to resume.

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