Al-Fakhariya shares test key resistance

The shares of the Saudi Ceramic Pipes Manufacturing Company show attempts at technical upside after a period of fluctuation, having surpassed the minor resistance level at 19.19 riyals, amid expectations of targeting levels up to 20.38 riyals if buying momentum continues. This comes as part of a recovery attempt from a key support at 16.32 riyals, despite the overall downward trend since 2025. Monitoring whether trading remains above current levels will be important to confirm the continuation of the upward movement, with resistance levels at 20.87 and 21.59 riyals.

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