Value of Saudi shares falls nearly 40% (y-o-y)

The kingdom's total value of shares traded at the end of the first half of this year dropped by 39.38 per cent to 780.05 billion Saudi riyals (Dh764 billion) against 1.087 trillion riyals during the same period last year, according to the Tadawul Statistical Report released on Saturday.

Meanwhile, total equity market capitalisation fell by 39.38 per cent to 1.07 trillion riyals in the same period compared to the previous year, the report showed.

The total number of traded shares rose 11.90 per cent to 38.07 billion in the first half of 2009 compared to 34.02 billion in the same period last year.