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Al-Mamlaka shares near resistance levels
The Kingdom Holding Company stock is approaching a key resistance level amid ongoing buying momentum. Following a positive performance that has driven its price from 7.50 Riyals at the start of the year to nearly 13.34 Riyals currently. The stock has demonstrated an ability to hold above important support levels, with a gradual increase in trading volumes, which supports expectations of a continued rise toward levels ranging between 13.68 and 14.35 Riyals, provided the price remains above the support at 12.88 Riyals. It is anticipated that breaking through the current resistance could lead to further upward movement, while a decline below the support level might open the door to a potential correction toward 12.55 Riyals.
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