Source: Dubai – Arabic.net
He added that the selling that takes place in the Saudi stock market is normal because of the petroleum link to the Kingdom’s economy.
The Gulf markets began trading today on Monday with a sharp drop, amid falling oil prices and the spread of the Corona virus.
After about half an hour of trading, the first Kuwaiti market index fell 10.29% to 5158.69 points.
The UAE stocks started trading in the Gulf markets on a sharp decline, and the Abu Dhabi Securities Exchange index fell by 7.71% to 4054.92 points after 40 minutes of trading, while the Dubai Stock Exchange fell by 9% to 2062.07 points.
In Saudi Arabia, the main market index “Tasi” declined after 5 minutes of trading, by 9.13% to 6221.18 points.