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Retal shares under pressure amid resistance efforts
The Rimal Development and Real Estate Company’s stock is experiencing strong selling pressures after breaking below the support level at 9.00 riyals, leading to the continuation of the bearish trend that began at the start of the year. Although signs of a price rebound have appeared, the weak trading volume indicates limited buying strength, suggesting that this rebound may be temporary and not based on solid technical support. In the short term, the stock targets levels around 8.87 riyals, and it must remain above 9.23 riyals to ease downward pressures and maintain short-term price stability. Since the beginning of 2026, the stock was in an upward trend, then stabilized at accumulation levels before facing sharp selling pressures that pushed it down to support levels around 8.53 riyals, with expectations it will continue to be influenced by market pressures.
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