Takaful Island's Balance of Unity and Progress
Tawakul Island's stock has been moving sideways since March, with attempts to break through a resistance level at 12.20 riyals. If successful, this could open the door for further gains towards 12.45-12.65 riyals. However, if trading remains below 11.35 riyals, the stock may continue to move sideways. Last year, the stock was in a downtrend, but its balance started to improve at the beginning of 2026 around the 10.75 riyal support level. Positive technical signals increase the likelihood of ending this sideways range, but the final decision depends on the performance around the resistance and support levels.
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