Alinma stock tests support amid sell-off
Alinma Bank's stock continues to test important technical support levels, as traders await its ability to hold support between 23.20 and 23.44 riyals to avoid a new downward wave. The buying momentum remains weak, with expectations of a rebound before reaching the first resistance at 23.95 riyals. At the start of 2026, the stock rebounded from 19.80 riyals after breaking a downtrend line, but it faced selling pressures again after touching 24.75 riyals. This makes the main support level at 21.85 riyals likely to determine the continuation of the bearish trend.
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