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Al-Dora Al-Arabi tests resistance levels

Al-Dora Al-Arabi tests resistance levels

Markets expect Arab Security Insurance Cooperative Company's stock to test a major resistance level around 12.75 SAR after having moved within a sideways range for several months. The share remains under selling pressures that affect its performance, despite recording gains at the beginning of the year. It is essential for it to stay above the 12.28 SAR level to enhance the chances of an upward move. If the stock manages to break above 12.75 SAR and remains above it with increased trading volumes, it is anticipated to target higher levels such as 13.28 and 13.64 SAR. Conversely, breaking support levels at 11.80 SAR would signal a shift toward a downward trend.

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