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The Tadawul All Share Index (TASI) began November down 83.22 points at 9,838.28, with trading valued at nearly SAR 3.10 billion, amid selling pressure across most stocks and sectors. Analysts attributed the decline to weak global market performance, expectations for US interest rates and bond yields, tight liquidity, and investors’ wait for corporate results. Shares in 227 of the 271 companies traded fell. The market is watching the support zone between 9,800 and 9,850 points. Holding above 9,800 could allow for a rebound, while a break below it may bring further pressure. Resistance lies at 9,930 and 9,950 points, followed by 10,000. A recovery will depend on liquidity and buying returning, as well as on corporate results.
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