STC stock hits record high

The Saudi Telecom Company "STC" stock successfully broke through the historical resistance level of 43.95 SAR, supported by increased volume and positive trading activity, which could push it toward levels close to 44.98 to 45.75 SAR in the coming period. The ADX indicator shows strong bullish momentum signals, with confirmation of an ongoing upward trend. Meanwhile, the 43.24 SAR level remains an important support; a decline below it could weaken prospects for continued rise in the short term. Since the beginning of 2026, the stock has consolidated after testing the demand zone at 40.40 SAR and rebounding from it, before achieving strong gains in April and reaching a new historical high.

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