Musar stock faces key resistance levels
The share of Om Al-Qura Development and Construction (Masar) is testing significant resistance levels amid positive technical indicators. It is currently trading around 17.27 riyals and is approaching the 17.45 riyal barrier, which could open the door for short- to medium-term gains reaching 17.90 riyals and 18.40 riyals, provided it remains above the support level of 17.00 riyals. Technical indicators, especially MACD and moving averages, suggest upward momentum supported by trading volumes. However, the stock experienced declines in 2026, and a break below 17.00 riyals could reverse the bullish scenario and return it to a downward trend.
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