TASI falls below 12,000 points as market concerns mount: Closing bell

RIYADH: Saudi Arabia’s stock market closed lower on Wednesday falling below 12,000 points as investors fretted about the global economy.

Saudi Arabia’s main index, TASI, fell 0.35 percent to  reach 11,978, while the parallel market, Nomu, fell 0.95 percent to 21,301.

Wafrah for Industry and Development Co. topped the list with a 9.97 percent gain, after winning shareholder approval for a 200 percent capital increase of SR231.5 million ($62 million).

Shares of Saudi Aramco, the largest player on the Saudi oil market, ended the day down 1.54 percent.