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2026-11-08T08:19:59.502Z

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Zoujaj Shares Await Rally

Zoujaj Shares Await Rally

National Glass Industries Company (“Zoujaj”) shares showed signs of a rebound after testing support at SAR 32.60. However, they have continued to trade sideways since the start of the year, between support at SAR 33.60 and resistance at SAR 39.05. Confirmation of a positive trend would require the shares to hold above resistance at SAR 36.12, accompanied by higher liquidity. A breakout could pave the way for a rise to SAR 36.98–37.58, followed by SAR 38.70 if buying momentum continues. Conversely, a fall below support at SAR 34.65 could weaken the recovery outlook, despite the Relative Strength Index remaining above the neutral level on the four-hour timeframe.

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