Saudi Market Retreats Again, Key Supports Under Watch

    • The Saudi market witnessed continued weakness last week, with the Tadawul All Share Index (TASI) declining by nearly 2.5%.
    • After registering five consecutive days of losses, the index closed slightly above the psychological 11,000 mark, which may serve as immediate support.
    • A breakdown below 11,000 could trigger a further decline toward the key support level of 10,700.
    • Given the current market structure, the market is likely to remain under a neutral-to-bearish bias in the coming week.
    • Fresh buying interest is expected only if the index decisively breaks above the 11,500 resistance level.
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