Closing bell: TASI slips 12 points as fluctuating oil market looms large

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RIYADH: Saudi Arabia’s Tadawul All Share Index slipped 12.10 factors, or 0.11 %, to complete at 11,293.18 on Wednesday, as fluctuating oil costs affected buyers’ confidence. 

Whereas the parallel market Nomu edged up 96.35 factors to 21,151.91, the MSCI Tadawul Index dropped barely by 0.03 % to 1,519.71. 

The entire buying and selling turnover of the benchmark index on Wednesday was SR5.70 billion ($1.52 billion). 

Brent crude value fell 16 cents to $77.28 at 4:00 p.m. Saudi time, whilst US West Texas Intermediate crude declined 13 cents to $73.58. 

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