TASI (Last: 6641.10, down 59.26 points)
Yesterday the Index came under pressure and fell 59.26
points to close the day 6641.10. Major negative contribution came from SABIC,
SAMBA, ALINMA and ZAIN while STC, MAADEN and SAFCO bucked the trend.
Further losses are likely today as the Index is facing stiff
resistance at 6700 level. Major support is placed at 6550 while 6700 is acting
as the major resistance level. We recommend sell on rise in SABIC, ARNB, KAYAN
and SABB while ALMARAI, ALINMA and STC are worth buying on dips.
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