TASI drops as oil prices continue to fluctuate: Closing bell

RIYADH: The Saudi main index finished lower on Monday, slipping back following oil price instability that sent investors scrambling ahead of a possible rate hike.

As of the cloning bell, TASI shed 0.84 percent to reach 11,874, while the parallel market Nomu ended flat at 21,038.

This was led by 0.26 decline in Saudi oil giant Aramco, and a 2.13 percent drop in Saudi British Bank, which was voted the best bank in 2022.