Riyadh – Mubasher: The stock of Raoom Trading Company rose 9.72% to reach a 52-week high of SAR 79.

The industrial sector stock is currently trading above its 20-day Simple Moving Average (SMA) of SAR 71.22, its 50-day SMA of SAR 69.87, and its 200-day SMA of SAR 64.7.

Technical indicators show a Relative Strength Index (RSI) of 68.87 and a Moving Average Convergence Divergence (MACD) of 1.869.

The Average Directional Index (ADX) is recorded at 30.72, signaling trend strength.

The price movement follows the company's announcement of results from its Extraordinary General Assembly meeting (EGM) and the publication of interim financial results for the three-month period ended on 31 March 2026.

The stock's appreciation brings it to the top of its annual trading range as the market processes the latest regulatory filings and assembly outcomes.