TASI Nears Key Support. Is a Rebound Coming?

The Tadawul All Share Index fell for the fourth consecutive week, dropping 1.66% to close at 10,598.

But now, the market is approaching a level that could decide what happens next.

10,500 to 10,400.

This zone is the key.

It has acted as an important support area before, and TASI is now coming back to test it.

So, what happens from here?

There are two important possibilities.

If 10,500 to 10,400 holds:
We could see a technical bounce as buyers step back in.

The first hurdle would be around 10,700 to 10,800, followed by the psychologically important 11,000 level.

But if 10,400 breaks decisively:
That would be a warning sign that selling pressure is getting stronger and the recent weakness could continue.

Why 11,000 matters

Even if TASI bounces from support, the recovery still needs confirmation.

A sustained move above 11,000 would be important because it could signal that the selling pressure is starting to ease.

Until then, rallies could continue to face resistance.

What should traders watch this week?

Don't focus only on whether TASI goes up or down.

Watch how it reacts around 10,500 to 10,400.

If buyers defend this zone and a clear reversal starts to appear, it could be the first sign that the market is stabilizing.

If support breaks, the picture changes.

For now, the broader structure remains weak, so patience and confirmation matter more than chasing a bounce.

The big question for this week:

Will 10,500 to 10,400 become a launchpad for TASI, or will this support finally give way?