Saudi Index Slides: 200-Point Fall in Sight

Naranj Capital Research Desk
October 6, 2024

Recently, while moving through the parallel channel, TASI faced a notable rejection around the 12,370 level, resulted in a downward movement.
The index might retrace to its closest support zone of 11,750 to 11,800 before possibly bouncing back.
If this immediate support level is broken, a more significant decline could be expected in the coming days.

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