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Almarai's stock rises toward new highs
The article reviews the performance of the Almarai company's stock, which has maintained its upward trend through trading within an ascending price channel since June 2026. The stock showed a technical rebound from the lower boundary of the channel and extended above key support levels at 46.60 Riyals, reinforcing the chances of a continued increase. If the stock manages to break a minor resistance at 47.78 Riyals with stability, it is expected to target levels between 48.84 and 49.88 Riyals, reaching a possible target at 51.15 Riyals. Conversely, any decline below the main support could lead to selling pressures and a drop below support levels. It is important to monitor liquidity levels and trading volumes, especially in critical zones, as the future direction of the stock depends on the market stabilizing above those levels.
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