Maharah Surges to 52-Week High on TASI

Maharah Human Resources Co. shares hit their highest level in 52 weeks on Wednesday, July 16, according to data compiled by Argaam. The Tadawul-listed stock rose during the session, pushing the price above prior resistance levels.

The move extended a rally that began in late June. No company-specific catalyst was cited in the Argaam report, and Maharah has not issued a statement addressing the price action.

Maharah provides staffing and outsourcing services across Saudi Arabia. The stock had traded within a narrow range for much of the first half of the year before breaking higher last month.