Riyadh, Asharq Al-Awsat – Saudi shares have registered significant losses in transactions at the beginning of the second week of the new year in spite of the successive announcement of the promising results of companies in the past year, the Saudi press agency has reported.
After more than two hours of the start of transactions today, index lost more than 300 points, 4% lower. In the light of the retreat of all eight sectors of the market, its general index currently reached 7, 254 points.
The quantity of transactions which dropped during this period totaled 84 million shares valued at SR 3.4 billion while 82 companies recorded a retreat. Only three companies showed a hike in the value of their shares.