TASI down on rising inflation: Closing bell

RIYADH: Saudi Arabia’s stock market ended lower on Tuesday as inflation worries escalated amidst rising concern about the global economy following Beijing’s COVID-19 warning.

The main index, TASI, fell 0.27 percent ending the day at 12,020, while the parallel market, Nomu, added 0.21 percent at 21,505.

Saudi Arabian Cooperative Insurance Co. topped the gainer’s list with a 10 percent increase, followed by Al-Rajhi Company for Cooperative Insurance with a 9.96 percent increase.