Saudi Market Meltdown: Sectors in Free Fall

TASI Drops Amid Global Uncertainty. The Tadawul index (TASI) is experiencing a significant downturn due to rising Middle East tensions between Israel and Iran.

Key Support Levels
– Immediate: 11,750
– Next: 10,750

Trading Guidance
– Proceed with caution due to high market uncertainty
– Reduce trading capital to minimize risk exposure

Sectors Overview - Part 1
Sectors Overview - Part 1

1. TBNI – Tadawul Banking Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”ป Overall Trend – Bearish due to interest rate hikes and global economic uncertainty.

2. TFBI – Tadawul Food and Beverages Index

๐Ÿ“‰ Short-term Trend – Bearish
๐ŸŸฐ Overall Trend – Stable due to consistent consumer demand.

3. TCSI – Tadawul Consumer Services Index

๐Ÿ“‰Short-term Trend – Bearish
๐ŸŸฐ Overall Trend: Stable driven by essential services demand.

4. TDAI – Tadawul Consumer Durables & Apparel Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”ป Overall Trend: Bearish due to declining consumer spending and global economic uncertainty.

5. TMTI – Tadawul Material Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”ป Overall Trend: Bearish due to global economic slowdown and trade tensions.

6. TRMI – Tadawul Real Estate Management & Development Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”ป Overall Trend: Bearish due to oversupply concerns and declining property prices

TRADINGVIEW POSITION UPDATE

Sectors Overview - Part 2
Sectors Overview - Part 2

7. TFSI – Tadawul Consumer Staples Distribution & Retail Index

๐Ÿ“‰ Short-term Trend – Bearish
๐ŸŸฐ Overall Trend: Stable due to consistent consumer demand

8. TUTI – Tadawul Utilities Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”บ Overall Trend: Stable driven by essential services demand.

9. TSSI – Tadawul Software & Services Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”บ Overall Trend: Bullish driven by growing demand for digital services and IT solutions.

10. THEI – Tadawul Healthcare Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”บ Overall Trend: Bullish driven by growing healthcare demand and privatization initiatives.

11. TPBI – Tadawul Pharma, Biotech & Life Science Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”บ Overall Trend: Bullish due to increasing demand for pharmaceuticals and local manufacturing growth.

12. TENI – Tadawul Energy Index

๐Ÿ“‰ Short-term Trend – Bearish
๐Ÿ”ป Overall Trend: Bearish due to global energy market volatility and OPEC production cuts.

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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