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"Bahri" Shares Near Historic High

"Bahri" Shares Near Historic High

The share of the National Saudi Shipping Company "Bahri" increased significantly during 2024, supported by rising trading volumes and buying momentum. It surpassed the resistance level of 33.00 SAR and reached a historic high of around 38.30 SAR last April. Technical indicators suggest the possibility of continued upward movement, with an expected target range between 39.30 and 41.74 SAR if momentum persists and the current peak is surpassed. Maintaining a support level near 35.48 SAR is important to reduce the risk of a correction.

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