13 Hrs
Source:
مباشر
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Saudi Ceramics shares decline on selling pressure
The Saudi Porcelain Company’s stock declined significantly after breaking through key support levels, as it failed to maintain stability above the 23.69 riyal level. This led to increased selling pressures and expectations of a continued decline toward lower support levels between 23.02 and 22.20 riyals. This reflects weak price consolidation for the stock throughout 2026, despite temporary attempts to break through resistance levels at 28.50 riyals. However, selling pressures persisted, pushing the stock further downward. There is potential for improvement if the price stabilizes above 24.25 riyals, but the resistance level at 26.18 riyals remains a key barrier preventing a return to an upward trend.
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