44 Days
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Muscat's share tests key support levels amid expectations of liquidity shifts and price momentum
The share of Middle East Specialized Cables Company "Mesk" is showing a consolidation around important support levels between 28.75 and 29.10 riyals, awaiting liquidity movements to determine its future direction. If it continues to stay above this support, it may sustain an upward trend, especially if it manages to break through the 32.40 riyal level, which could open the door for upward waves reaching between 34.64 and 35.30 riyals. The stock's performance in 2026 experienced a decline at the beginning of the year, but it rebounded from the 19.70 riyal level, supported by strong liquidity. The 34.00 riyal level remains a key resistance to achieving continued upward momentum.
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