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Al-Hafar Al-Arabiya's share holds support levels amid rebound prospects
Arab Drilling Company’s stock faced technical pressures during August, encountering a major resistance level at 96.35 SAR and retreating to a nearby support level at 93.00 SAR, accompanied by weak trading volumes. Technical analysis suggests that breaking below the support could lead to additional declines, while surpassing the resistance at 98.40 SAR on high trading volume may pave the way toward targets between 100.80 and 103.40 SAR, with the potential to reach resistance at 106.80 SAR if positive momentum continues. The stock’s movement reflects market fluctuations and investor expectations, awaiting new catalysts to drive an upward trend.
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