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معلومات مباشر
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معلومات مباشر

2026-11-09T09:02:38.874Z

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Saudi Stock Edges Higher

Saudi Stock Edges Higher

“Budget Saudi” shares are staging a corrective rebound after a sharp decline. They have broken above resistance at SAR 24.90 and reached an initial target of SAR 27.20, after falling from around SAR 46.55 at the start of 2026 to support near SAR 22.15 in October. The overall trend remains bearish, but a close above SAR 27.25 could pave the way for a rise to SAR 27.82–28.53, and possibly SAR 29.68 if buying momentum continues. The technical reading recommends raising the profit-protection level to SAR 26.10 in case the decline resumes.

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