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Naseej shares hold steady amid mixed signals
Naseej International Trading Company's stock experienced fluctuations in recent sessions, stabilizing near a key technical support level at 16.35 riyals after a noticeable decline and sideways performance, which coincided with selling pressure. The future movement of the stock is expected to be determined by a break above the main resistance level at 17.42 riyals, with target prices reaching 18.35 and 19 riyals if buying liquidity and confidence continue. This follows a sharp decline in 2026, from a support level of 19.27 riyals down to a low of 12.70 riyals, with trading remaining within a range between support and resistance.
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