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PSF share recovers on increased volume
The Saudi French Bank stock experienced positive technical performance shifts during the trading session, rebounding from a key support level at the 200-day simple moving average. This move was supported by increased trading volumes, indicating the entry of buying forces. On the chart, an ascending rebound pattern appeared after touching this support, with analysts targeting likely price levels between 20.60 and 22.10 riyals, while facing technical resistance between 21.30 and 22.00 riyals. The 19.45 riyal level is identified as the stop-loss point; failing to break below it could halt the correction impact, with the main support at 18.50 riyals. Since the beginning of 2026, the stock has risen from a low of 15.57 riyals to a high of 22.49 riyals, confirming an upward trend in the medium and long term.
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