RIYADH: Saudi stocks closed lower on Sunday as inflation concerns rattled global stock markets, causing investors to remain cautious.
The main index, TASI, dropped 0.75 percent to reach 12,334, while the parallel market, Nomu, lost 0.80 percent to reach 22,329.
The Kingdom Holding Co. soared 9.90 percent, after Saudi Arabia’s PIF acquired a 16.87 percent stake in the firm from Saudi billionaire Prince Alwaleed bin Talal.
Gainers included…
