Tadawul All Share Index (TASI)

The Tadawul All Share Index (TASI) continued its uptrend for the third day in row and added 53.74 points to close the day at 6822.86. We expect more gains in the near term, however, tactical profit booking is recommended in the range of 6850-6900. Stay light till the Index crosses 6950 hump on a sustainable basis.