Al-Dawa stock tests historic support levels amid sideways market movements
The Dawaa Medical Services Company stock experienced significant declines, reaching its historic lowest level of approximately 42.40 SAR in June, after months of selling pressure that led to a decline in market value. Despite attempts to establish a new price base amid active trading, it is expected that fluctuations will continue if the closing remains below the support level of 43.55 SAR. There is a possibility of further declines to lower levels, including 41.34 SAR and 40.40 SAR. However, maintaining support above 43.55 SAR could restore an upward trend.
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