https://arab.news/mkzbs
RIYADH: Saudi Arabia’s main index ended Wednesday’s session lower to close below the 12000-point level, tracking a continued decline in oil prices as recession worries intensified.
TASI dropped 1.09 percent to close at 11,863, while the parallel market Nomu lost 1.55 percent to finish at 20,528.
Saudi oil giant Aramco fell 0.67 percent, while Rabigh Refining and Petrochemical Co. plunged 1.72 percent.
The Saudi National Bank, the country’s biggest lender, saw its share price drop by 0.15 percent.
Al Rajhi, the Kingdom’s largest valued bank, declined 0.81 percent, while Alinma Bank decreased 1.10 percent.
ACWA POWER Co. gained 4.23 percent to lead the gainers, followed by Aldrees Petroleum and Transport Services Co. which gained 2.71 percent.
Salama Cooperative Insurance Co. shed 8.59 percent to lead the fallers, followed by CHUBB Arabia Cooperative Insurance Co. with a 6 percent decline.
In energy trading, Brent crude futures fell to $92.21 a barrel, while US West Texas Intermediate traded at $86.41 a barrel, as of 3:23 p.m. Saudi time.