Riyadh – Mubasher: The stock of Ladun Investment Company entered the top gainers list during 21 July 2026 trading after rebounding and advancing 8.11% to reach a price of SAR 2.80.
The upward movement follows the company's formal submission of an application to transfer its listing to the Main Market.
Market activity also follows the announcement of a framework agreement signed with the Royal Commission for Makkah City and Holy Sites for the Al Khalidiyah Informal Area Development Project.
Technical data shows the stock trading above its short and long-term benchmarks, with the 20-day Simple Moving Average (SMA) at SAR 2.74, the 50-day SMA at SAR 2.6, and the 200-day SMA at SAR 2.46.
The Relative Strength Index (RSI) is positioned at 55.89, while the Average Directional Index (ADX) stands at 34.34, indicating trend strength. The Moving Average Convergence Divergence (MACD) is reported at 0.004.
The financial sector firm recently disclosed interim financial results for the period ended on 31 March 2026.
Meanwhile, the stock's current price of SAR 2.80 reflects a significant shift as the company pursues its transition from the parallel market.
