Zujaj's stake tests vital support levels

The share of National Glass Industries (Zoujaj) continues to face selling pressures, trading below its main moving averages, which indicates that a downtrend dominates its technical performance. The stock is currently testing an important support level between 35.18 riyals and 34.76 riyals, and maintaining trading above this range is crucial to halt the selling pressure. If the stock breaks this support, its price could decline to 33.89 riyals and then to 33.35 riyals. Conversely, the 37.70 riyals level represents the first major resistance point, which needs to be surpassed to improve performance and regain buying momentum. Since the beginning of 2026, the stock has been moving within a sideways, slightly downward channel, with support at 33.32 riyals and resistance at 39.85 riyals. The formation of higher lows and lower highs at levels below previous ones continues to make the technical outlook cautious at present. Any attempt to change the trend depends on a clear breakthrough above 37.70 riyals, accompanied by a significant increase in trading volumes.

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