TASI dips in advance of Fed rate decision: Closing bell

RIYADH: Saudi Arabia’s main index dipped in anticipation of another large rate increase by the Federal Reserve on Wednesday.

The Tadawul All Share Index dropped 0.37 percent to end at 11,461, while the parallel market Nomu rose 0.23 percent at 20,265

Saudi oil giant Aramco ended the day with a 0.55 percent decline, while Rabigh Refining and Petrochemical Co. fell by 2.79 percent.

The Saudi National Bank, the Kingdom’s largest lender, decreased 0.63 percent, while Saudi British Bank declined 1.04 percent.