TASI Rebounds, Sets Stage for Continued Gains

After weeks of decline, the Tadawul All Share Index (TASI) has finally shown signs of strength, gaining over 4% in the past week. This upward momentum reflects growing investor confidence, driven largely by the recent ceasefire agreement between Israel and Iran, which has eased geopolitical tensions across the region.

Technically, the index appears to be entering a bullish phase, with momentum driving it toward the 11,500 level—a zone that could act as potential resistance based on price action.

Traders now can watch for buying opportunities on pullbacks, while investors may gradually re-enter through sector leaders and fundamentally strong stocks, with an eye on evolving geopolitical developments.