During May, the Tadawul All Share Index $^TASI.SR (TASI) recorded a sharp decline of 6.4%, outpacing the losses of all 92 global stock indices. The downturn extends TASI’s losing run into a fourth consecutive month, establishing its lengthiest drop since 2014. This sustained underperformance signifies a pivotal moment for the Saudi equity market, reflecting mounting pressures and heightened volatility.