TASI declines on growing inflation fears: Opening bell

RIYADH: Saudi Arabia’s main index started the week in the red, with investors remaining alarmed by the Kingdom’s annual inflation rate surpassing 3 percent for the first time in 14 months.

The Tadawul All Share Index began the week with a 0.22 percent drop at 11,803, while the parallel market Nomu started with a 0.65 percent gain at 21,060, as of 10:09 a.m. Saudi time.

Saudi oil giant Aramco gained 0.55 percent, while Rabigh Refining and Petrochemical Co. fell 1.94 percent.