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Facilities share climbs on strong momentum
The share of Mawarif Electricity and Water Company in Jubail and Yanbu maintained its upward trend after breaking through an important resistance level at 42.80 riyals, opening the way for price targets of up to 46 riyals and 47.22 riyals. The momentum remains strong as long as it stays above 46.10 riyals. Additionally, the stock's dip to its lowest point at 26.84 riyals in March 2026 attracted buying interventions, leading to a technical reversal and a gradual rise. It is important to watch the support level at 43.88 riyals to protect gains. Analysts expect the upward trend to continue as long as the stock stays above this support, with potential resistance zones between 48.14 and 49.60 riyals, and possibly reaching 52.10 riyals if liquidity flows persist.
Notice: This Is an AI-Generated Summary
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