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2026-08-03T11:57:08.358Z

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Kayan Saudi Tests Key Levels Amid Liquidity

Kayan Saudi Tests Key Levels Amid Liquidity

The share of Saudi Kayan Petrochemical Company is experiencing a balanced technical performance, moving within a sideways range between support at 4.50 Riyals and resistance at 6.20 Riyals. Gradual improvements in liquidity and trading volume have helped it to break through short-term resistance levels between 5.10 and 5.17 Riyals. The stock faces resistance at 5.29 and 5.42 Riyals, with the potential to target higher levels between 5.55 and 5.75 Riyals if positive momentum continues, provided that trading remains above the 4.99 Riyal level. Since the beginning of 2026, the stock has shown volatility before recording an upward wave in February, and it is still oscillating within a sideways trend awaiting new catalysts to determine its next direction.

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