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Electrical Industries share drops after support break
The share of the Electrical Industries Company experienced a significant decline after breaking a major support level, losing the demand zone between 15.30 and 14.50 riyals, which reinforced the short-term downward trend. The stock lost its balance around the key support level at 14.55 riyals, with expectations of continued decline to lower areas between 13.42 and 12.98 riyals. The decline could extend to 12.40 and 12.00 riyals if prices fail to stabilize above these levels. The beginning of 2026 was strong, as the stock rose from support at 10.40 riyals to its highest in April, but it is now facing selling pressures. It needs to stabilize above 15.60 riyals to regain an upward trend.
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