Saudi stocks maintain gains as recession concerns ease: Closing bell

RIYADH: Saudi Arabia’s main index continued to rise during Tuesday’s trade in line with higher oil prices and decreasing recession worries, which improved investors’ risk appetite.

The Tadawul All Share Index ended the session 0.52 percent higher at 12,084, while the parallel market Nomu finished with a 0.47 percent rise at 20,997.

The Kingdom’s largest valued bank Al Rajhi jumped 2.03 percent, while Sahara International Petrochemical Co., mostly known as Sipchem, climbed  3.98 percent.