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Union Gulf National shares rise after breaking downtrend
The share of United Gulf Insurance Cooperative Company exhibited a notable rise after breaking through a major downtrend line that has been in place since June 2025, with trading stabilizing above key moving averages. The stock closed around the level of 13.15 SAR, with expectations of continuing its upward movement toward significant resistance levels at 13.48 and 14.10 SAR, supported by positive technical indicators that suggest strong buying momentum. Additionally, the stock has begun a gradual recovery after its declines earlier in 2026, with improved trading volumes and technical performance that enhance the prospects of a short-term rebound.
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