MIS's shares hit record high

The share of Al Maamer Information Systems Company (MIS) experienced record-highs during August, reaching an all-time peak near 314 riyals. This was supported by a strong buying wave and the breach of important technical levels that had previously constrained its upward trajectory. The stock began to recover after suffering a sharp decline earlier in the year, bouncing off the support level at 141 riyals, and successfully breaking through key resistance points, which helped establish a solid price base. Technical data indicates that maintaining the stock above the resistance zone at 296 riyals increases the likelihood of continued gains, with a potential technical target at 324.50 riyals. The 289 riyals level is considered a significant zone for protecting profits in case of a correction.

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