TASI remains at one of its lowest levels on recession fears: Opening bell

Thu, 2022-06-23 12:27

RIYADH: Saudi stocks rose in the last trading session but continued to trade at a low level, with persistent worries that a global recession could be triggered by rising interest rates.

The main index, TASI, increased 0.28 percent to reach 11,351, while the parallel market, Nomu, fell 0.10% to 20,630,  as of 10:07 a.m. Saudi time.

Al Moammar Information Systems Co. climbed 4.89 percent to lead the gainers, following its shareholders’ approval to increase its capital by 20 percent to SR300 million ($80 million).

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