Riyadh – Mubasher: The stock of Pan Gulf Marketing Company reached a 52-week high of SAR 21.79, maintaining the price level with a 0% change.
The distribution services sector stock is currently trading above its 20-day Simple Moving Average (SMA) of SAR 20.24 and its 50-day SMA of SAR 20.84, while remaining below the 200-day SMA of SAR 26.41.
Technical readings show a Relative Strength Index (RSI) of 60.28 and a Moving Average Convergence Divergence (MACD) of 0.2.
The Average Directional Index (ADX) is 33.23, indicating a strengthening trend.
Recent regulatory filings confirm the company secured Sharia-compliant bank facilities and opened the nomination period for board of directors’ membership.
These disclosures follow the results of the company’s Ordinary General Assembly meeting.
