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City Cement stock tests support levels
During the recent period, the Saudi Cement Company stock faced selling pressure that led to significant declines, as it has been in a downward trend since the beginning of the year, reaching a low of 9.67 riyals in July 2026. With the continued weakness in buying momentum, the stock is currently trading above the 50-day moving average and approaching a crucial resistance level at 10.15 riyals. If the stock succeeds in closing above this level with increased trading volume, it may head toward short-term targets between 10.38 and 10.60 riyals. However, the prospects for a rebound depend on maintaining a support level at 9.94 riyals, as breaking below it could push the stock back into selling pressure again.
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