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Riyadh Shares Break Out

Riyadh Shares Break Out

During trading on November 5, Riyad Bank’s share price broke above its 200-day moving average, supported by buying momentum and positive technical indicators, after forming a base at SAR 19.20. The share price reached SAR 20.08. If buying continues and the stock holds at its current levels, the initial targets are SAR 20.60 and then SAR 21.10, with SAR 22.10 in sight after it breaks above the April high of SAR 21.96.

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