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Al Bilad stock declines further
Albilad Bank's stock continued on its downtrend, as selling pressures exerted significant pressure on its performance, leading to a decline in price and a dip below the psychological and technical support level of 20.00 riyals. If the stock continues to trade below this level, the decline may extend to a range between 18.85 and 18.12 riyals. Breaking above the 21.34 riyal level is a necessary condition for restoring stability and halting the decline. If successful, the stock could reach a resistance level at 21.90 riyals, which would reduce selling pressures and help restore balance to its performance.
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