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Wafra share under selling pressure
The share of Wafra for Industry and Development is experiencing increasing selling pressure, especially after breaking below the key support level at 18.80 riyals, which led its price to decline to 17.60 riyals. It is expected to encounter a historical support level at 17.22 riyals, and if that level is broken, the decline could continue toward 16.47 riyals. Since the start of 2026, the stock opened at 20 riyals and peaked at 23.90 riyals in January, but it has undergone repeated downward waves. The technical performance remains negative in the medium term, with expectations of movements around support and resistance levels.
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