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Bawan stock shows price gains amid rising volumes
Pawan Company’s stock has shown a significant improvement in its technical performance, managing to regain its momentum after a period of decline, with a gradual increase in liquidity and trading volumes. The stock closed at 35.96 Riyals, and surpassing the resistance level of 35.96 Riyals enhances the chances of continued short-term recovery. Meanwhile, the 34.36 Riyals level is considered an important support point. Historically, since the beginning of 2026, the stock has been trending downward, reaching its lowest point at 33 Riyals in August due to a lack of buying pressure and ongoing selling pressures. Technical forecasts indicate that maintaining stability above the current support and resistance levels could push the stock toward resistance levels between 36.84 and 39.80 Riyals.
Notice: This Is an AI-Generated Summary
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