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Lobrif shares climb amid positive trends
The share of Luberef, the company specializing in base oils affiliated with Aramco Saudi Arabia, maintains its upward trajectory despite a temporary correction, stabilizing around 134 riyals and continuing to support technical indicators that suggest the bullish trend has persisted since the beginning of 2026. The stock rose from 85 riyals to reach a peak of 140 riyals, with expectations of further increases if it manages to overcome the main resistance level. Meanwhile, the support level at 130 riyals is crucial to protect against potential negative reversals. The current correction is considered a transitional phase, provided the stock remains above support levels and buying momentum increases to sustain the upward trend.
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