Al Arabiya Shares Rise Amid Downtrend Expectations

The share of the Arab Company for Technical Commitments experienced positive movements following a sharp decline, rebounding from its lowest levels supported by high trading volumes and a breach of key technical levels. Expectations are for further upward movement toward approximately 44.75 riyals if positive momentum continues. The stock has lost more than two-thirds of its market value since the beginning of 2024, descending from a high of 131.60 riyals to a low of 38.00 riyals, with warnings of a repeat of the decline if it fails to maintain its current gains and potential further downturn if it falls below 38.90 riyals.

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