TASI Closes 1.89% Lower on First Day of Full Market Opening to Foreigners

February 01, 2026 21 views Saudi News

By Sama Hussien

TASI Closes 1.89% Lower on First Day of Full Market Opening to Foreigners

Summary

The Saudi main index (TASI) ended Monday's session with a 1.89% decline, losing about 215 points to close at 11,167 points, amid widespread profit-taking following the strong gains the market achieved during January.

📊 Investment Analysis

Today's decline is considered a technical decline resulting from natural "profit-taking" after the index rose by 8.5% in January. The current impact is liquidity-driven and psychological, as investors preferred to secure their profits before the start of a new wave of expected foreign inflows. Structurally, the market remains strong, supported by the full opening decision for foreigners, but technically, the index needs to establish new support bases around the 11,100 - 11,150 point levels. The liquidity of SAR 4.4 billion reflects good activity despite the decline, indicating buying forces waiting for better price levels.

🎯 What Should Individual Investors Do?

Speculators: It is preferable to wait until the index stabilizes above technical support levels and avoid buying during sharp drops.
Medium-Term: Hold, as current declines provide opportunities to increase positions in high-yield blue-chip stocks.
Long-Term: Hold with full confidence, as the market's upward path is supported by very strong economic and regulatory factors for 2026.