10 Hrs
Source:
مباشر
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Al-Kalthami's share remains stable at support levels
The article focused on the performance of Al Kathiri Holding Company's stock, which held above the key support level of 1.06 riyals amid anticipation of its future direction. Technical analyses revealed the appearance of a "long-legged doji" candlestick pattern, reflecting a balance between buying and selling forces, along with increased trading volumes that confirm the significance of current price levels. The stock rebounded from the support area and is currently trading at 1.10 riyals, with prospects toward resistance levels ranging between 1.13 and 1.21 riyals. The level of 1.05 riyals is viewed as a critical point for downside risk. The shares declined from their January 2026 high of 2.26 riyals to a low of 1.03 riyals in September, before moving sideways again. In the short term, analyses suggest that the upward movement may continue if the stock exceeds the designated resistance levels, with important support levels identified to prevent further price declines.
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