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Dar Al-Balad shares rise past key levels
The Dar Al-Balad Business Solutions Company stock successfully broke through a key resistance level at the neckline of a reversal technical pattern, indicating a potential change in trend from downward to upward. After a sharp decline since entering the market in May 2026, when it reached a low of 9.95 riyals and regained some momentum, the recent technical breakout at 11.46 riyals reinforces expectations of the stock rising to levels between 11.73 and 11.86 riyals, with resistance at 11.29 riyals. This technical pattern suggests a possible shift in the balance of power between sellers and buyers, provided that trading continues above the breached levels.
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