Saudi stocks close higher even as recession fears remain: Cl

RIYADH: Saudi stocks ended higher on Sunday, despite investors' concerns about the risk-off sentiment caused by recession fears. The main index, TASI, gained 1.27 percent to reach 12,689, while the parallel market, Nomu, advanced 0.58 percent at 22,402. Halwani Bros. Co. gained 8.07 percent, leading gains; Saudi Industrial Export Co. slumped 8.86 percent, leading the fallers.

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