Tadawul All Share Index - Weekly - Saudi Stock Market Index

Tadawul All Share Weekly Index - SAUDI ARABIA
11th April, 2021

As shown the Index is in multi year
correction from historical all time
high around 20000 mark.

Possible wave count suggests
one more leg down to as low as
6000 area may seen. The forthcoming
down move may coincide with
lower oil price and lower US,
Europe and other world stock markets.

Sustain trading above 11000 negates the downtrend scenario.