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Al-Mamlakah share nears key resistance
The Kingdom Holding Company's stock is approaching a key resistance level, supported by increasing buying momentum and trading volumes, after stabilizing above important support levels. Recent performance has shown a breakout above 13.75 and 14.38 riyals, despite some price corrections. An extension of the upward move is expected between 13.98 and 14.35 riyals if support and stability above 12.88 riyals are maintained. In the medium term, the upward trend remains in place, and the continuation of growth depends on the stock's ability to break through the current resistance and increase trading activity.
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