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Al-Fakhariya's share tests support amid low volumes
The Saudi Pipe Company’s stock is fluctuating near key support levels after a failed attempt to break above resistance at 20.25 SAR, declining to around 16.80 SAR due to intense selling pressures, amid a state of vigilance among investors. Recovery opportunities require the stock to stay above 17.75 SAR and see increased trading volumes. Conversely, breaking below 16.92 SAR could sustain the downward trend, with a major resistance at 24.50 SAR indicating a potential turning point in the long-term trend.
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