Thimar Share Successfully Completes Support Level Re-Test and Reinforces Bullish Outlook

Thamar Development Holding Company's stock successfully surpassed a major resistance level at 35.70 riyals, turning it from selling pressure into a strong support level. Following the breakout, the stock maintained its position above this level, reinforcing expectations of a move toward higher price levels to reach 39.14 riyals, then extend to the range between 40.14 and 41.00 riyals. There is also a possibility of continued upward movement to 42.70 riyals if trading closes with high volume. During 2026, the stock experienced sideways movement between 31.55 and 39.45 riyals, with a quick rebound from a temporary decline in May, before the recent breakout backed by high trading momentum.