TASI rises on fall in commodity prices, easing inflation fears: Closing bell

RIYADH: Saudi stocks regained some of its momentum on Tuesday, as commodity prices fell, which eased concerns about inflation.

The main index, TASI, gained 2.13 percent to 11,671, while the parallel market, Nomu, added 0.55 percent to 20,358.

This was led by a 3.32 percent increase in the Saudi oil giant Aramco and a 3.43 percent leap in one of the Kingdom’s biggest lenders, Saudi National Bank.

Both pharma giants Nahdi Medical Co. and Aldawaa Medical Services Co. saw their share prices rise by 2.02 percent and 0.60 percent, respectively.