Saleh Al-Rashed Shares Stabilize
The shares of Saleh Abdulaziz Al-Rashed & Sons are currently showing signs of a technical rebound from their lowest level ever recorded at 40 SAR, following a sharp decline due to selling pressures. The stock has begun forming a price base within a consolidation range, with increased buying interest observed at lower levels. The market is monitoring the key resistance level at 43.16 SAR; if this level is broken, it could pave the way for targets up to 45.92 SAR. Breaking below 41.38 SAR serves as a warning of a possible return to the stock's historical bottom once again. The stock performed well after its listing in March 2026 at a price of 45 SAR, reaching a high of 69.70 SAR in April. However, it has since retreated and is currently attempting to regain its technical balance amid expectations of further fluctuations.
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