TASI suffers its worst decline in six months: Closing bell

RIYADH: Saudi Arabia’s main index, TASI sank 4.44 percent to 11,299, its lowest close since last December, while the parallel market, Nomu, declined 3.55 percent to 20,740, at the closing bell on Sunday.

This was driven by perceived pessimism among investors following the Federal Reserve’s decision to raise interest rates to curb inflation, reigniting concerns over economic growth.

Saudi Aramco, the largest player on the Saudi oil market, ended today’s trading down 4.03 percent.