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TASI

Is the Tadawul All Share Index (TASI) overdue for a correction?The Tadawul All Share Index (TASI), which tracks the performance of all stock listed on The Tadawul, has recorded a 30.34% increase since the beginning of 2021. However, the TASI is sitting at a peak level, which appears to be a repetition of the previous boom and bust cycle. The TASI was in a comparable position in late 2014 and late 2007, before wiping out more than half its value over the proceeding months. If past performance is any indicator, the TASI might be overdue a correction. About the Tawadul The Tadawul (TADAWUL) is the only licensed Stock Exchange in Saudi Arabia, the largest Stock Exchange in the Middle East, and the twelfth largest in the world by market capitalisation. According to Statista, The aggregate market cap of the 200 companies listed on The Tadawul is approximately US $2.6 trillion (July of 2021). Contributing to an outsized portion of The Tadawul’s market capitalisation is Saudi Aramco (TADAWUL: 2222), the fourth-largest company in the world (market cap as of Sept 2021, US ~$1.9 trillion). Perhaps unsurprisingly, a vast swath of the listings on The Tadawul are companies concerned with crude oil and chemical products. Saudi Basic Industries (TADAWUL: 2010) is the Exchange’s second-largest listing, with a comparatively modest market capitalisation of US $99 billion. Financial institutions and banking groups help to diversify the offerings of the Stock Exchange. The Exchange’s former largest listings, Al Rajhi Banking & Investment (TADAWUL: 1120) and Saudi National Bank (TADAWUL: 1180 ), are currently the third and fourth largest with market caps between US $70 and US $80 billion.
TADAWUL:TASI
by BlackBull_Markets
Safe trend indicator - By MutebHi my name is Mutab. 42 years old. Interested in following the stock market. Innovative of ( safe trend indicator ). a great indicator for a long-term investment. Keeping up with the rising waves and avoiding the descending waves, to achieve amazing long-term investment goals. ------------------------------------------------------------------- What distinguishes the safe trend indicator? It is one of the safest indicators in dealing with the financial markets. * Direct indicator, no need to wait for the candle to close to confirm the decision. * It keeps up with the ascending waves and avoids the descending waves. * Very effective in investing in the long term. * Amazing long-term results. * High stability while reading the candle, as it does not give an opposite reading except in rare cases. * Few errors compared to successes, which means that the ratio of losses to profits is very small, which enables the investor to achieve high profits in long-term investment. ------------------------------------------------------------------- I am using it now in my trading in the Saudi stock market and it is yielding amazing results in my long term investment (quarterly and half yearly). It gives me great pleasure to share with you my success story, as I publish a weekly report and I record and display the week's trades to prove the feasibility and credibility of the indicator. I wish you success.
COINBASE:BTCUSDLong
by by_muteb
ARAMCOARAMCO is forming an Ascending Triangle started in early Nov. 2020. Priced reversed from the downward trendline and the resistance area at 36.00 bushing ARAMCO to test the bullish support line of the triangle pattern. This declining is confirmed by indicators such as the RSI and OBV, hence breaking below the support line will forced ARAMCO to continue its downtrend. On the other hand, breaking over the bearish trendline then the resistance area at 36.00 will be the beginning of the bull market.
TADAWUL:2222
by MohammedEl-Sherbiny