Saudi Equity Research - Banking Sector 2Q26 - Preview Note

The Saudi banking sector entered 2Q26 from a position of strength, supported by resilient economic activity, healthy credit demand, improving liquidity conditions, and stable asset quality. Sector profitability remained robust in 1Q26 despite a lower interest-rate environment, as banks benefited fro...

Abu Dhabi Islamic Bank: The stock recovered from the support level of AED 20.40 and is facing the key resistance level of AED 22.30, a confirmed breakout above it could trigger further upside momentum, with the next resistance levels seen at AED 23.85, and then toward the previous high at AED 28.00 over the short-to medium-term horizon.

Americana Restaurants: The stock is currently retesting the key resistance level at AED 2.20. A sustained breakout above this level could pave the way for further upside toward AED 2.36, followed by a potential retest of the previous high around AED 2.66. We would need to see a significant increase in volume to confirm buyer commitment and to signa...

2Point Zero Group: The stock has rebounded and is currently testing its 50-week moving average. A sustained break above AED 2.28 would likely confirm continuation of the broader uptrend, paving the way for further upside toward AED 2.40 (100-day moving average), with additional targets at AED 2.67 and AED 2.95 over the short- to medium-term horizon...

Two Point Zero Group: The stock has been consolidating in a sideways range over the past three months, trading close to the key resistance level at AED 2.24. A sustained breakout above AED 2.24 would likely signal a continuation of the prevailing uptrend, opening the door for further gains toward the next resistance levels at AED 2.30 and AED 2.40 ...