Tadawul All Share Index (TASI)

Tadawul All Share Index (Last: 6666.80, down 3.22 points)

The Index closed flat on the last trading day. We expect the Index to trade higher from current levels and breach 6700 resistance level to test highs in the region of 6800-6900. Our view is mainly based on the emergence of accumulation pattern as indicated in our commentary dated 25^th July 2012. Click here to access the same.

Our top picks are ALINMA, EEC, JABALOMAR, KINGDOM, SAFCO, SAVOLA and STC. All these stocks have positive Trend Score with 14 day RSI greater than 50. We recommend buy on dips in above mentioned stocks.