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Manufacturing stock tests support amid mixed pressures
The National Industrial Company’s stock has been under selling pressure since the beginning of 2026, but it is currently stabilizing near key support levels amid a divergence in buying forces. After a decline and anchoring around resistance levels at 9.60 riyals, the stock managed to break above a support level around 9.40 riyals, with an eye on a decisive breakthrough of a crucial resistance at 9.73 riyals to boost the chances of a rise toward targets between 9.95 and 10.18 riyals. Continued price consolidation above support and increasing support trading volumes are signs of a potential recovery and an extension of the upward movement.
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