Is this significant, after posting a 12.44% loss in 18 trading sessions? You be the judge of that. The drop was steep and fast, indicating further losses are forthcoming.
The Saudi stock market is in an ongoing bear market while the deep global recession is yet to hit home with people. The recession could be almost 2 years old, if you take its beginnings to be July or August 2007, when subprime entered the average Hassan Ali’s lexicon.
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