Al Arabiya's shares reach record low
The shares of the Arab for Contracting & Technical Investments face ongoing selling pressures, leading to a record low of 63.00 riyals. The downward trend continues, with selling dominance affecting performance. Since the beginning of 2026, the stock was within an upward price channel before showing signs of weakening buying momentum and forming lower highs. This resulted in a break downward in February, with the decline persisting until reaching the current low. It is likely that the selling pressure will continue down to the 61.05 riyals level, with the 66.80 riyals mark serving as the first resistance. A breakout above this level could open the way for higher targets between 68.45 and 70.05 riyals, provided that buying momentum returns and the price remains above the resistance.
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