Paper manufacturing sector tests historic resistance levels amid rising trading volumes

The stock of the Saudi Paper Manufacturing Company has exhibited a notable positive movement, managing to surpass historic resistance levels alongside a gradual improvement in performance and a strengthening of the upward momentum since early March. The breakthrough above the previous level at 58.65 SAR pushed the price towards a target of 63.95 SAR, with the potential for continued increase if the price stabilizes above 64.50 SAR. This could open the way for the stock to reach higher ranges between 66.10 and 73.55 SAR.

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