Eastern Pipes stock approaches historical peak amid positive technical indicators

The shares of Arabian Pipes Company (Anabeeb) have increased significantly, managing to regain trading levels above key support zones, with rising trading volume and the formation of new buying centers. Analyses indicate that the stock is approaching the current all-time high of 230 riyals, with expectations of the upward trend continuing toward record levels between 235.60 and 257.50 riyals, provided that the main support level at 218 riyals remains stable. Since the beginning of 2026, the stock has shown a positive performance, breaking through a downward channel and forming ascending peaks and troughs supported by increased trading. Despite a sideways movement in May, it has resumed its upward trend and aims for new record levels.

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