parallel market drop for the eighth consecutive session to hit the
longest ever decline since the market began in February. The closing below 3,000 points for the first time to close the index at 2970 points lost 93 points, or 3 percent. The market has fallen about 41 percent since its opening at the base point of 5000 points.
The retract in liquidity in the market
with the restrict of entry criteria, as the difficulty of entry and
exit from the market lose transactions liquidity advantage, making them
attractive to short investments.
values fell by 43 percent to 3.1 million riyals. The average
transaction price was 17,000 riyals while the traded shares fell 34
percent to 67,000 shares, with a drop rate of 0.4 percent. Deals fell 30 percent to 179. Two shares retreated against two gains and the rest stabilized. Al-Kathiri rose 4.8 percent to SAR 16.99, followed by Abu Muti, which rose 0.18 percent to close at 11.20 riyals. Al Aseel dropped 4.3% at SAR60.29, followed by Bahr Al Arab by 0.08% to close at SAR12.38.