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Fish share recovers on higher volumes
The share of the Saudi Fisheries Company "Al-Asmak" rose significantly following a series of sharp fluctuations that began in early 2026. It rebounded from its lowest level at 38.24 SAR to a peak of 86.30 SAR before pulling back again to 58.35 SAR in October. The stock has shown technical improvement supported by increased trading volumes and managed to break through the Bollinger Bands. Expectations are for the price to continue rising toward levels of 59.80 SAR and 61.30 SAR, with resistance at 64.50 SAR. The 56.40 SAR level remains a key support for maintaining the upward trend. The stock is now on the verge of resuming its upward trajectory, with close attention to support levels to ensure sustained momentum.
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