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The Tadawul All Share Index (“TASI”) closed Sunday’s session down 0.78%, losing 78.5 points to reach 10,016.92, on trading worth more than SAR 2.74 billion. The index came under pressure from the banking and telecommunications sectors, which fell 1.57% and 1.43%, respectively. Analysts attributed the declines to weakness in global markets—particularly the Nikkei’s drop of more than 7%—and rising geopolitical tensions. The index nevertheless remained above the 10,000-point mark, a key level: a break below it could push the index toward 9,500, while holding above it could open the way to 10,200.
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