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Muscat Securities tests support for recovery
Mabco Company's stock in the Saudi market moved towards a pivotal support level after successfully breaking through the resistance at 18.40 riyals, accompanied by increased trading volumes indicating strong buying interest that supports the continuation of the upward trend. The stock is currently testing the support level at 17.80 riyals, and if it continues to hold this area, it is expected to keep rising towards initial targets between 18.96 and 19.82 riyals, thereby boosting the chances of a full recovery following sharp declines in the first quarter of the year.
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