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PSP shares steady near average
The Saudi French Bank's stock "P.S.F." is in a strong upward trend, forming a series of rising highs and lows. Despite a correction in May that tested its long-term moving average, the stock succeeded in rebounding from support at 18.70 SAR. Active trading pushed the stock to perform positively, with expectations of continued rise toward levels between 19.75 and 20.19 SAR, provided that positive momentum persists. It is essential to maintain support at 18.70 SAR to prevent short-term corrections. Since the beginning of 2026, the stock has risen from 16.60 SAR to 20.05 SAR, despite a corrective pressure during April and May. However, the overall trend remains bullish in the medium term.
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