Saudi Market Under Stress: TASI Faces Tough Week Ahead

The Tadawul All Share Index (TASI) faced intense selling pressure last week, sliding over 2% to close at 10,709 — clearly showing that bears are in control.

As highlighted earlier, sustaining below the key 11,000 level opens the door for a sharper correction toward the 10,500 zone — and that scenario is now unfolding.

Adding fuel to the fire, rising geopolitical tensions between the U.S., Israel, and Iran have increased regional uncertainty and concerns over oil supply disruptions through the Strait of Hormuz. While higher oil prices may cushion energy stocks, broader risk-off sentiment could weigh heavily on banks and non-oil sectors.

A gap-down opening looks likely, with 10,500 acting as the next major retest zone.

No strong bullish move is expected unless TASI reclaims 11,000 decisively.

The coming week could remain challenging — caution is key, and fresh buying may be best avoided until stability returns.