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City of Knowledge shares rise steadily
The share of Makkah Al-Mukarramah City Economic Company shows a notable positive shift after periods of decline, managing to break through an important resistance level at 13.18 riyals, which pushed it to achieve further gains and reach 17.10 riyals. Technical movements indicate the possibility of continued upward momentum toward levels between 17.64 and 18.10 riyals. It is essential to monitor the resistance zone at 17.70 riyals, which requires high trading volumes to break through and confirm stability above. Investors are advised to tighten profit protection around 16.00 riyals to cope with any potential price fluctuations.
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