TASI gains some momentum after falling below 12k points amid recession fears: Opening bell

RIYADH: Saudi Arabia’s main index recovered some strength in its trading session Thursday after closing below the 12000-point level on Wednesday due to the continuing decline in oil prices exacerbated by recession worries.

TASI started the week’s final trading session 0.45 percent higher at 11,917, while the parallel market Nomu traded flat at 20,540, as of 10:08 a.m. Saudi time.

Saudi oil giant Aramco increased 0.27 percent, while Rabigh Refining and Petrochemical Co. gained 0.63 percent.