Major Sectors that may influence TASI this week

Tadawul Pharma, Biotech & Lifescience Index (TPBI)

• The current outlook for the index appears optimistic as it has recently surpassed its trendline resistance.
• If it maintains its position above the 5,000 mark, we could anticipate an upward movement in the days ahead.

Tadawul Real Estate Management & Development Index (TRMI)

• An Inverted Head & Shoulder pattern has emerged following a short consolidation period.
• A bullish move is anticipated once the neckline is breached.

Tadawul Software & Services Index (TSSI)

• The index had been trending downwards before creating a Falling Wedge pattern.
• After breaking out of this pattern, it has consolidated and is now showing upward momentum.

Tadawul Capital Goods Index (TCGI)

• The capital goods index (TCGI) experienced a significant rally but then entered a substantial consolidation phase, forming a Broadening pattern.
• Currently, the index is exhibiting strength and has the potential for an upward movement.