Riyadh – Mubasher: Naseej for Technology Company is currently trading up 9.3% at SASR 23.5, positioning the stock as a leading gainer in the technology services sector during today's session.
The price movement follows the company's announcement of a contract sign-off with the UAE-based National Library and Archives.
The firm also recently confirmed the deposit of funds from fractional share sales resulting from a capital increase previously approved by its Extraordinary General Meeting (EGM).
Technical indicators show a Relative Strength Index (RSI) of 49.77 and an Average Directional Index (ADX) of 14.19.
The stock is currently trading above its 20-day Simple Moving Average (SMA) of 23.02, though it remains below the 50-day SMA of 24.83 and the 200-day SMA of 30.41.
The Moving Average Convergence Divergence (MACD) stands at -0.824. Trading remains ongoing on the Saudi main market.
