Closing Bell: TASI sheds 0.12% as US Fed raises interest rates specter 

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 13 points — or 0.12 percent — to close at 10,634.06 on Tuesday, trailing the global markets after US Federal Reserve officials issued a stark reminder that the interest rates would keep rising.

While Nasdaq composite and Tokyo Stock Exchange gained 0.63 percent and 0.78 percent, respectively, leading stock markets such as Frankfurt, Paris, Hong Kong, Tokyo and India took marginal dips. The S&P 500 and FTSE 100 also edged lower by 0.08 percent and 0.26 percent, respectively.