STC shares reach new high levels
The Saudi Telecom Company (STC) stock successfully broke through its historic resistance level around 43.95 SAR, supported by high trading volumes and stable trading above this level. This bolsters the prospects of continued upward movement toward new levels near 44.98 – 45.75 SAR. If positive momentum persists, the movements could extend toward 46.58 – 48.05 SAR. The 43.24 SAR level is considered an important support, with positive signals from the ADX indicator indicating strong bullish momentum. Since the beginning of 2026, the stock has been on an upward trend, bouncing off key support levels before surpassing a historic high and continuing its rise.
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