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Middle East Company for Manufacturing and Producing Paper, founded in 2000 and based in Jeddah, Saudi Arabia, produces and sells container boards and industrial papers across Saudi Arabia, the Middle East, Africa, Asia, and Europe. It operates through two segments: Manufacturing and Trading.
The Manufacturing segment offers various paper products under brands like MEPFLUTE, MEPLINER, MEPDUAL, and MEPCHEM for use in packaging, food, and consumer goods industries. It also produces specialty papers such as plasterboard liners (MEPGYPSUM), core boards (MEPCORE), and absorbent kraft (MEPLAMINATE).
The company is also active in tissue paper production, recycling, and waste management, including the wholesale and retail of paper, carton, and plastic waste.
MEPCO — TASI —
The price has bounced off horizontal support on the weekly chart, indicating potential for continued upside momentum.
On the daily chart, the price has broken above trendline resistance, indicating a likely continuation of the upward move in the near term.
Current RSI of this stock is 60.45, which indicates the strength of buyers.
MACD line has just crossed the signal line from the below, generates bullish signal.
Based on our stock trading advice in Saudi Arabia, Middle East Paper stock price target will be SAR 30.2 - SAR 30.5 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
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