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Tadawul Group stock faces demand test amid selling
The Saudi Tadawul Group's stock is experiencing strong selling pressures, having broken through key technical support levels and currently testing a pivotal demand zone between 117.40 and 116.00 SAR. There are prospects for the stock to stabilize or continue declining to lower levels of up to 113.80 SAR if it fails to hold the 116.10 SAR level. Throughout the year, the stock started off positively but was then impacted by February's pressures, which led to the breakdown of support at 130.90 SAR. It has since declined to current demand areas between 117 and 113.90 SAR, with expectations of rebounds if it remains near the 119.90 SAR level.
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