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Kemanol share recovers amid rising volume
The share of Methanol Chemicals Company "KimaAmal" rebounded from a critical demand zone between 26.50 and 27.10 riyals, supported by increased trading volume, which reinforces the prospects for completing the upward trend. Technical analyses indicate that surpassing the resistance level at 30.42 riyals—which is a vital condition—could open the way for targeting higher levels between 34.88 and 36.95 riyals. It is essential to protect the support level at 31.40 riyals to avoid potential declines. Notably, the stock started 2026 near its lowest point at 31.55 riyals, but it recorded a historic low of 26.84 riyals in March before resuming its recent rebound.
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