TASI Stays Range-Bound, Eyeing Breakout Above 11,000

The Tadawul All Share Index (TASI) traded sideways last week, in line with our earlier assessment on 17-08-2025.

While the index managed to hold above key support levels, the lack of sustained buying momentum prevented any meaningful upward move. It is now approaching the trendline resistance visible on the daily chart.

A breakout above the 11,000 mark could provide a short-term boost to market sentiment. However, for a stronger upside move to materialize, the index must decisively clear the 11,500 level.

Given the current setup, TASI is expected to remain in a neutral phase once again in the upcoming week. Traders are recommended to wait for a decisive breakout of the resistance before entering new trades.