Riyadh – Mubasher: First Avenue for Real Estate Development Company is trading down 3.79% at SAR 3.3 during the current session, 19 July 2026.
The stock has been positioned among the top intraday losers in the financial sector.
First Avenue stock is currently trading below its key moving averages, with the 20-day SMA at SAR 3.83, the 50-day SMA at SAR 4.31, and the 200-day SMA SAR at 4.44.
Technical indicators show an Relative Strength Index (RSI) of 24.71, placing the equity in oversold territory, while the MACD is recorded at -0.262 and the Average Directional Index (ADX) stands at 16.05.
Recent corporate activity includes the signing of a Sharia-compliant banking facilities agreement with the Saudi Awwal Bank (SAB).
First Avenue also recently announced the deposit of proceeds from the sale of fractional shares resulting from a capital increase into eligible shareholder accounts.
Furthermore, First Avenue has entered a contract with the Royal Commission for Makkah City and Holy Sites and Jadwa Investment, acting as fund manager, for development projects.
