TASI Holds Range as Momentum Slows

After a strong upside rally for three straight weeks, the Tadawul All Share Index (TASI) is finally taking a breather.

Last week, the index moved in a neutral range, exactly as expected.

As discussed in our previous weekly outlook, a pullback toward the 11,000 zone was likely—and TASI played out that script perfectly. The index bounced from near 11,000, but the momentum now looks weak, with the last trading session showing mild corrective pressure.

Key Levels to Watch

• Support: 11,000
• Resistance: 11,700 – 11,800

For now, no major directional move is expected as long as the index remains inside this range.

Trader’s Note

With the index is likely to stay range-bound between 11,000 and 11,800, aggressive trades are best avoided. Focus on buying near support, booking profits near resistance. Wait for a clear breakout before taking directional positions.