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2026-09-20T08:34:03.396Z

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Electrical Industries' Outlook Unclear

Electrical Industries' Outlook Unclear

The outlook for the Electric Industries Company's stock movement in the Saudi market indicates a continued balance between supply and demand. It has remained within a sideways trading range since August, with close monitoring of key support and resistance levels. The stock rose to a record high of 19.62 SAR earlier this year before pulling back, currently supported by a rebound near 14.55 SAR, with stability above a major support at 14.80 SAR. If it manages to surpass the resistance at 15.75 SAR, it could continue to rise, targeting between 16.12 and 17.39 SAR. Conversely, breaking below support could signal a negative shift.

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