TASI Breaks 11,000: Bulls Step In, Momentum Builds

The Tadawul All Share Index extended its winning streak for the second consecutive week, gaining nearly 3% to close at 11,133.

The decisive breakout above the psychological 11,000 mark signals strong buyer participation and a clear shift in overall market sentiment. This move has strengthened confidence and opened the door for further upside.

What’s Next?

If this bullish momentum continues, the index could advance toward the 11,700–11,800 zone in the coming sessions.

Key Levels to Watch

• Immediate Support: 11,000 (now a strong base after the breakout)
• Immediate Resistance: 11,300 – 11,400 zone

Trading Strategy

With broader market sentiment turning positive, traders may consider a buy-on-dips approach as long as the index holds above 11,000.

Momentum is on the bulls’ side — patience and disciplined entries could be key in the days ahead.