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Al Arabiya's share hits historic low amid recovery hints
The share of Arab Technical Commitments Company (Arabia) recorded its lowest historical level at around 38 riyals in October, amid the ongoing downward trend that began in early 2026. The decline in price led to a significant deterioration due to selling pressures, accompanied by a technical indication of waning momentum and a lack of buying strength. However, a positive divergence in the Relative Strength Index (RSI) has emerged, which may suggest a potential recovery if buying support continues. The technical analysis points to important resistance levels at 41.32 riyals. If the price stabilizes above this level, it could extend toward 44.48 to 45.38 riyals, provided positive momentum persists.
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