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Gas stock drops below key support
Al-Ahlia Gas and Industrial Company ("GAS") is facing strong selling pressures, as its stock price has fallen to critical support levels after a series of descending peaks indicating dominance by sellers, amid a decline in risk appetite. The stock has been in a downward trend since the start of 2026, and the pressures continue with the potential for further decline if the main support level at 65.10 Riyals is broken, which could lead to lower support levels between 63.55 and 58.10 Riyals. Despite previous attempts at a rebound, the overall trend remains negative, and the stock needs to surpass the 77.50 Riyals level to change its technical outlook from negative to positive.
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