The Tadawul All Share Index (TASI) declined by 0.1% to close at 10,887 points, with a trading turnover of SAR 3 billion. The slight drop follows mixed sectoral performance, with energy and financial stocks underperforming due to weak oil prices and cautious investor sentiment ahead of key economic data releases. Market participants are monitoring corporate earnings and global macroeconomic indicators for directional cues. The modest decline in TASI reflects ongoing volatility in the Saudi equity market amid uncertainty surrounding global growth prospects and regional economic reforms. Traders may focus on support levels around 10,800 points and resistance near 11,000 points as key technical indicators. Reduced liquidity during Ramadan could also amplify short-term price swings. For Gulf investors, the decline underscores the importance of diversifying portfolios across sectors and geographies. Analysts suggest monitoring the impact of OPEC+ output decisions and Saudi Arabia’s fiscal policy adjustments. The upcoming Q2 earnings season for major Tadawul-listed firms will provide further insights into market resilience.
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