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Bahri stock stays above key support
The share of the National Saudi Shipping Company "Bahri" represents a key support zone in its upward trend, as it has maintained trading above the 35.50 Riyal level, which is an important consolidation point. With continued buying momentum, it is expected that the stock will keep rising, targeting the 36.40 Riyal level as the first objective. If surpassed, it may reach 37.35 Riyal, which is the highest point of the current year. On the other hand, a decline below 33.95 Riyal could indicate a resumption of correction waves and a shift to a short-term downward trend.
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