68 Days
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Arab Oil Pipelines' Shares Rise in Q2 2026
During the second quarter of 2026, the share of Eastern Pipes Integrated Industrial Company experienced pivotal movements, reaching unprecedented historic levels before undergoing technical profit-taking. The stock started the period with a positive performance, managing to break through a short-term descending channel and form an ascending technical pattern, supported by strong buying momentum and continuous increases in trading volumes, which pushed it to record a historic high at 230 Riyals. Subsequently, the stock faced selling pressures that led it to trade below important support levels. However, it showed resilience by holding steady at the short-term moving average, reinforcing the likelihood of resuming its upward trend, while keeping an eye on key support and resistance levels.
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