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Lobreif share tests key resistance

Lobreif share tests key resistance

The "Lubrey" share is approaching the end of its sideways correction after a strong rise in May, having approached a significant resistance level at 130 riyals. It is expected to continue its upward movement towards levels between 132.70 and 138.90 riyals, with key support remaining at 124.90 riyals. Technical analysis indicates the stock is likely to maintain its positive performance, supported by its adherence to major moving averages.

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