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2026-11-11T00:00:00.000Z

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SADAFCO Shares Break Out

SADAFCO Shares Break Out

SADAFCO’s share price broke above its 200-day simple moving average during the November 11 session, amid strengthening buying pressure, and traded at around SAR 182.60. The move was supported by a bullish crossover of the 9- and 21-day exponential moving averages and a Relative Strength Index above 50. If the share price holds above the breakout zone and moves past its November high, the technical outlook points to targets of SAR 187.20, SAR 191.75 and then SAR 201. The rise follows a rebound from an October low of SAR 158.80, after the stock fell from a May high of SAR 234.10.

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