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.

     

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for Saudi Stock Market Update

    Recent Articles

    Join Our Telegram Channel for USA Stock Analysis Update

    Join Our Telegram Channel

    Details of Arijit Banerjee

    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