TASI Falls Below 11,000 as Selling Pressure Builds

The Tadawul All Share Index (TASI) ended the week on a weak note, declining nearly 2.7% to close at 10,947, reflecting a clear negative bias in market sentiment.

In our previous analysis, we highlighted that the index was facing strong resistance near the trendline. That rejection has now played out, and the failure to break above it has triggered fresh downside pressure.

More importantly, the index has slipped below the crucial 11,000 level — a key psychological and technical support zone. Sustained trading below this mark increases the probability of further weakness, with the next important support seen around the 10,500 zone.

With broader sentiment turning cautious, this is not an ideal environment for aggressive long positions. For now, traders should focus on capital preservation over chasing opportunities, and wait for clearer signs of strength before re-entering the market.