TASI Struggles Near Key Resistance – Consolidation Ahead!

The Tadawul All Share Index (TASI) extended its gains for the fourth week in a row, closing just below the important resistance zone of 11,700–11,800.

However, the index now seems to be losing momentum, facing difficulty in breaking above this level. A short-term consolidation or pullback toward the 11,300–11,400 support zone looks likely before any strong upward move resumes.

In the coming week, the Saudi market may stay neutral to slightly bearish, with some volatility expected.

Traders should remain cautious and closely watch the price action near key support and resistance levels before entering new positions.