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
1. TBNI – Tadawul Banking Index
๐ Short-term Trend – Bearish
๐ป Overall Trend – Bearish due to interest rate hikes and global economic uncertainty.
2. TFBI – Tadawul Food and Beverages Index
๐ Short-term Trend – Bearish
๐ฐ Overall Trend – Stable due to consistent consumer demand.
3. TCSI – Tadawul Consumer Services Index
๐Short-term Trend – Bearish
๐ฐ Overall Trend: Stable driven by essential services demand.
4. TDAI – Tadawul Consumer Durables & Apparel Index
๐ Short-term Trend – Bearish
๐ป Overall Trend: Bearish due to declining consumer spending and global economic uncertainty.
5. TMTI – Tadawul Material Index
๐ Short-term Trend – Bearish
๐ป Overall Trend: Bearish due to global economic slowdown and trade tensions.
6. TRMI – Tadawul Real Estate Management & Development Index
๐ Short-term Trend – Bearish
๐ป Overall Trend: Bearish due to oversupply concerns and declining property prices
TRADINGVIEW POSITION UPDATE
7. TFSI – Tadawul Consumer Staples Distribution & Retail Index
๐ Short-term Trend – Bearish
๐ฐ Overall Trend: Stable due to consistent consumer demand
8. TUTI – Tadawul Utilities Index
๐ Short-term Trend – Bearish
๐บ Overall Trend: Stable driven by essential services demand.
9. TSSI – Tadawul Software & Services Index
๐ Short-term Trend – Bearish
๐บ Overall Trend: Bullish driven by growing demand for digital services and IT solutions.
10. THEI – Tadawul Healthcare Index
๐ Short-term Trend – Bearish
๐บ Overall Trend: Bullish driven by growing healthcare demand and privatization initiatives.
11. TPBI – Tadawul Pharma, Biotech & Life Science Index
๐ Short-term Trend – Bearish
๐บ Overall Trend: Bullish due to increasing demand for pharmaceuticals and local manufacturing growth.
12. TENI – Tadawul Energy Index
๐ Short-term Trend – Bearish
๐ป Overall Trend: Bearish due to global energy market volatility and OPEC production cuts.