The Industries that can influence the Saudi Market Sentiment for this week

Tadawul All Shares Index (TASI)

• TASI is striving to keep its positive momentum. In case of a potential sell-off, TASI has the potential to find support near the 11,750 level and could rebound from that point.

Tadawul Utilities Index (TUTI)

• Despite the uncertain market conditions, the index is on the upswing, indicating a positive trend.

Tadawul Consumer Durables & Apparel Index (TUTI)

• The consumer durables index has recently broken through its support level and is on a downward trend. Additionally, the emergence of a Rounding Bottom pattern suggests a prevailing bearish sentiment in the market.

Tadawul Energy Index (TENI)

• When it comes to the energy sector, it's definitely not looking good for Saudi Arabia's economy. The energy index is on a downward trend, breaking through the Rounding Top neckline and showing potential for further decline.