Saudi Arabia's bourse recovers most of its early-session losses, but still ends lower as investors cut positions ahead of an expected crackdown against market manipulation.
King Abdullah has ordered the crackdown, insisting action should be taken if necessary against improper trading, the daily Alsharq newspaper reported on Monday.
This spooked retail investors, who either tried to reduce their market exposure or stayed away altogether. Daily turnover fell to 11.69 billion Saudi riyals ($3.12 billion), the lowest since March 3.
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