TASI rises following steep losses: Opening bell

RIYADH: Saudi stocks rose in the first trading session of the week, easing after steep losses, but investors remain cautious due to upcoming rate hikes by major central banks and global recession risks.

The main index, TASI, increased 1.80 percent to close at 11,514, while the parallel market, Nomu, decreased 0.85 percent to 20,552 as of 10:07 a.m. Saudi time.

Rabigh Refining and Petrochemical Co. gained 6.11 percent to lead the gainers, followed by Saudi Ground Services Co. with a 3.82 percent gain.