TASI rebounds slightly amid recession concerns: Closing bell

RIYADH: Saudi Arabia’s main index recovered slightly after slipping steeply at the beginning of the week, but major central banks’ plans to increase interest rates and the risk of recession remain concerns for investors.

The Tadawul All Share Index rose 0.50 percent to end Tuesday at 11,503, while the parallel market Nomu traded flat at 20,218.

Saudi oil giant Aramco increased by 0.56 percent, while Rabigh Refining and Petrochemical Co. grew by 1.27 percent.