- Naranj Research Desk
Saudi Basic Industries Corporation (SABIC), founded in 1976 and headquartered in Riyadh, Saudi Arabia, manufactures and distributes chemicals, polymers, plastics, and fertilizers globally. It operates in two segments—Petrochemicals and Agri-Nutrients—offering products like polyethylene, polypropylene, specialty resins, polycarbonate, and fertilizers such as urea, ammonia, and phosphates. SABIC is a subsidiary of Aramco Chemicals Company.
SABIC — TASI —
A bullish signal is generated as the K line (blue) crosses over the D line (orange) from below, indicating a reversal from oversold conditions.
Current RSI of this stock is 59.62, which indicates the strength of buyers.
Based on our saudi stocks trading signals, Saudi Basic Industries stock price target will be SAR 63.5 - SAR 64 in the next 14-15 trading sessions.