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2026-11-02T12:38:52.914Z

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Saudi Kayan Shares Rise

Saudi Kayan Shares Rise

Kayan Saudi shares improved on increased buying momentum after breaking above the 9- and 21-day exponential moving averages, while the Relative Strength Index rose above 50. The stock is trading in a range of 4.50 to 5.00 riyals, after falling from a high of 6.20 riyals in the first quarter of 2024 to a low of 4.48 riyals in October. Technical targets are 4.97 riyals, followed by 5.10 and 5.35 riyals. The 4.70-riyal level is considered the stop-loss threshold; a break below it could signal renewed selling pressure.

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