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Wafra stock rebounds with high volume
The share of Wafa Food Industry and Development Company ("Wafa") experienced a notable increase after rebounding from the key support level at 21.20 SAR, supported by an increase in trading volumes that reflects a renewed buying momentum. The stock closed at 22.77 SAR, with expectations of a continued upward trend toward resistance levels between 23.37 and 23.94 SAR. If these levels are broken, the price could head towards 24.62-25.50 SAR. The main support for the current movement is at 21.79 SAR, and staying above this level is essential for continued growth. Conversely, a decline below it could halt the upward movement and push the stock back downward.
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