TASI falls below 12,000 points against backdrop of recession fears: Closing bell

RIYADH: Saudi Arabia’s main index ended Wednesday’s session lower to close below the 12000-point level, tracking a continued decline in oil prices as recession worries intensified.

TASI dropped 1.09 percent to close at 11,863, while the parallel market Nomu lost 1.55 percent to finish at 20,528.

Saudi oil giant Aramco fell 0.67 percent, while Rabigh Refining and Petrochemical Co. plunged 1.72 percent.

The Saudi National Bank, the country’s biggest lender, saw its share price drop by 0.15 percent.