68 Days
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Petro Rabigh Shares Set to Rise
The share of Rabigh Refining and Petrochemicals Company ("Petro Rabigh") has experienced relative stability within key support zones between 11.80 and 12.15 Riyals. Attention is focused on its ability to establish a solid price base to end the recent correction wave and move forward along a potential bullish path. Technical analyses indicate that maintaining above the 12.20 Riyal level enhances the chances of an upward move, especially if the stock surpasses the 13.10 Riyal barrier, which could open the door to targets reaching 13.78 Riyals and possibly higher. Since the beginning of 2026, the stock has shown gradual improvement after a period of pressure, supported by increasing trading volumes, along with attempts to test previous resistance levels and turn them into support to reinforce the upward trend.
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