Resistance breakthrough boosts Marafiq outlook

The share of Maarefa Electricity and Water Company in Jubail and Yanbu successfully broke through a key resistance at 35.98 SAR, pushing it toward target levels between 36.82 and 38.16 SAR. For the upward trend to continue, the stock needs to stabilize above 40.75 SAR, with potential targets of 41.90 SAR and then 42.75 SAR, which are considered major resistance zones. Despite the stock reaching a low of 26.84 SAR—the lowest since early 2026—a reversal chart pattern has formed, reinforcing the possibility of a rebound in the upcoming period.

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