TASI Drops 2%: Consolidation Phase Persists in Saudi Market

    • TASI encountered significant downward pressure last week, shedding more than 2% of its value.
    • This decline indicates that the market remains in a consolidation mode.
    • A key support zone is expected to emerge between 11,500 and 11,600, which could serve as a critical level to watch.
    • If this support holds, it may provide a foundation for potential stabilization or a rebound.
    • However, a break below this range could signal further downside momentum.
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