TASI Just Had Its Worst Week in a Month. What Happens Next

The Saudi market just had its worst week in over a month.

Five consecutive trading sessions.
Steady selling.
Growing uncertainty.

But here's what most investors are missing.

The biggest move may not have happened yet.

Here's why this week matters

The Tadawul All Share Index (TASI) closed at 10,933, after losing 1.7% last week.

Now it's sitting just above a critical support level around 10,900.

This isn't just another number on the chart.

It's the level that could decide where the market heads next.

What could happen from here?

There are only two realistic scenarios.

1️⃣ Support Holds

Buyers step in once again.

The market continues moving within its current range and attempts another recovery.

2️⃣ Support Breaks

A decisive move below 10,900 could accelerate selling pressure.

The next major area to watch would be 10,500–10,400.

That's where buyers have previously returned to the market.

So why is this different?

Because TASI is no longer trading in a comfortable range.

It's now testing the lower boundary while still moving inside a broader falling channel.

At the same time, uncertainty around oil prices and regional geopolitical tensions continues to keep investors on edge.

This isn't the environment to chase trades.

It's the environment to wait for confirmation.

The real edge right now

Not predicting.

Not reacting.

Waiting for the market to choose its direction.

A sustained move above 11,200 would improve the short-term outlook.

Until then...

Patience may be the most profitable position.