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Tadawul Shares Aim to Stabilize
A direct report discussing the performance of the Saudi Tadawul Group Holding Company’s stock, which is aiming to regain its technical balance amid downward trend challenges. It is noted that the stock has remained supported above strategic support levels between 115.70 and 116.60 riyals, despite selling pressures. The stock faces resistance at 124.90 riyals, while surpassing the zone between 128.00 and 129.70 riyals could enhance the chances of the price rising to between 131.90 and 134.80 riyals. Conversely, falling below 119.20 riyals could push it further downward. The stock started the year on a positive note before declining halfway through, and it appears that the downward trend still dominates, awaiting technical catalysts or buying liquidity to reflect a trend reversal.
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