TASI Poised for Longest Weekly Losing Streak in a Year and a Half
TASI nears its longest losing streak since May 2024, down over 3% weekly amid low liquidity and weak growth drivers.
The Saudi stock market's main index, TASI, is heading towards its fourth straight weekly loss, the longest such streak since the end of May 2024. The market remains under pressure due to the absence of new growth drivers and a noticeable reduction in trading liquidity. TASI is expected to post a weekly decline of more than 3%. On a monthly basis, the index is facing its weakest performance since June 2022, approaching its lowest point of the current year, last seen in September at around 10,400 points.
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