MBC share reaches record low

Shares of MBC Group saw a sharp decline, reaching their lowest level since listing at 18.10 SAR, amid ongoing selling pressures and a break below key technical support levels, especially after falling through the 20.73 SAR mark. These declines have accelerated the stock's downward trend, with expectations of further decreases if the stock fails to regain support levels, potentially reaching its technical target at 17.44 SAR. On the other hand, the stock's ability to recover the 19.04 SAR level and surpass the resistance at 20.88 SAR may indicate a possible reversal toward an improvement in the price structure.

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