_1777294237270_124456903.png&w=48&q=75){kind=small}
MBC Group shares fall to new lows
Share of MBC Group experienced a sharp decline, reaching its lowest historical level near 20.73 riyals. This reflects dominant selling pressures and the ongoing bearish trend since the start of 2024. Despite previous attempts at rebound from the 21.10 riyal level, selling forces regained control, pushing the stock lower. Analyses forecast continued decline toward support levels between 19.68 and 18.15 riyals if demand remains weak and strong buying support does not appear. This indicates increased market tension and growing caution among traders.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)