Al-Naiefat shares test technical levels after hitting historic low
Nayifat Financing Company's stock performance during 2026 showed notable technical movements, as it rebounded from its lowest historical level at 9.23 riyals after a gradual decline following the record high of 12.65 riyals. These rebounds were supported by increased trading volumes. The 10.26 riyals level is considered a key resistance. If the stock maintains its momentum, prices are expected to rise to between 10.50 and 10.79 riyals, and could extend to 11.35 riyals if risk appetite continues to improve. It is very important to maintain a key support level at 9.90 riyals to avoid a retreat back to lower levels.
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