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RIYADH: Saudi stocks ended Wednesday with a steep decline despite a recent rebound, as the threat of a recession continued to weigh on investor sentiment.
TASI, the main index, approached one of its lowest levels in months again, dropping 2.9 percent to 11,319. The parallel Nomu market also lost 1.1 percent to 20,649.
Stock exchanges in Dubai, Qatar, and Abu Dhabi were down 0.9, 1.1, and 1.8 percent, respectively, followed by marginal declines in indexes of Bahrain, Oman, and Kuwait.
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