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Mabco stock shows signs of rebound
Shares of the Middle East Paper Manufacturing & Production Company (Mepco) exhibited positive price movements, showing signs of a bullish reversal from key support levels supported by improvement in technical indicators. These include trading above the 9-day exponential moving average and the Relative Strength Index surpassing the 50 level. The stock is expected to target higher levels, initially aiming to reach 16.60 SAR, then 17.10 SAR, and ultimately 17.90 SAR. Investors should keep an eye on the support level at 15.70 SAR to protect current positions, as the stock continues to fluctuate within a sideways range since the beginning of 2026.
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