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Louvre shares rise amid gains
Luberef Company's share, a subsidiary of Saudi Aramco for base oils, maintains its upward trend since the beginning of 2026, with the price stabilizing around 134 riyals amid a positive technical correction. The stock's performance is supported by solid technical indicators, especially the RSI which remains above 50, reinforcing the likelihood of continued upward movement. The key resistance level at 140 riyals represents an important barrier; if broken, the stock is expected to aim for higher levels up to 150 riyals. A stop-loss level is set at 130 riyals for protection. The recent correction does not alter the overall trend and is likely a transitional phase before the market resumes its growth.
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