TASI opens in green for the first time this week: Opening bell

RIYADH: Saudi Arabia’s main index started higher for the first time since the beginning of the week as investors took a breather following a steep sell-off, but major central banks’ rate hike plans and recession risks are keeping investors cautious.

The Tadawul All Share Index rose 1.12 percent to start Tuesday at 11,574, while the parallel market Nomu traded up 0.13 percent at 20,256, as of 10:06 a.m. Saudi time.

Saudi oil giant Aramco increased by 0.69 percent, while Rabigh Refining and Petrochemical Co. grew by 1.41 percent.