TASI gains momentum as economic fears subside: Closing bell

RIYADH: Saudi Arabia’s main index ended higher for a second session following a sharp drop earlier in the week sparked by economic concerns.

The Tadawul All-Share Index rose 1.39 percent to reach 11,120 at the end of Wednesday, while the parallel market Nomu rose 1 percent to 19,916.

Saudi oil giant Aramco ended with a 1.31 percent gain, while Rabigh Refining and Petrochemical Co. climbed 3.27 percent.

The Saudi National Bank, the Kingdom’s largest lender, increased by 0.65 percent, while Saudi British Bank increased by 0.95 percent.