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The Tadawul All Share Index (TASI) traded sideways last week, in line with our earlier assessment on 17-08-2025.
While the index managed to hold above key support levels, the lack of sustained buying momentum prevented any meaningful upward move. It is now approaching the trendline resistance visible on the daily chart.
A breakout above the 11,000 mark could provide a short-term boost to market sentiment. However, for a stronger upside move to materialize, the index must decisively clear the 11,500 level.
Given the current setup, TASI is expected to remain in a neutral phase once again in the upcoming week. Traders are recommended to wait for a decisive breakout of the resistance before entering new trades.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website
