Saudi Tadawul All Share Index: Trendline Support Broken!

The support trendline for TASI has been breached, suggesting an impending downturn. It is recommended to refrain from taking long positions as the index currently exhibits weakness. Nonetheless, if the index successfully reverses its course and surpasses its immediate resistance level at 12,100, a buying opportunity may arise.

Currently, the majority of sectors are displaying negative trends. However, some sectors like the Pharma & Biotech sector, Real Estate Management sector, and Software Sectors, are exhibiting slight positive growth.