Categories: Business

Closing Bell: TASI stages a sprightly comeback, rises 1.87% to close at 10,221 points


Tue, 2022-12-13 16:58

RIYADH: Saudi Arabia’s benchmark index posted a marked revival on Tuesday as the global indices mustered courage before the US inflation data results expected this week.

The outcome could convince the US Federal Reserve to proceed with aggressive interest rate hikes.

Tadawul All Share Index closed 187.95 points — or 1.87 percent – higher to end at 10,221.14 points. The recovery came after the index fell 105.12 points on Monday, in line with the global indices. 

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