samedi 13 décembre 2014

A sharp decline in the Saudi market with the continued decline of violent crude oil

Showing the general index of the Saudi Stock Market (Tadawul) to wave a sharp decline affected the majority of the stock in early trading session on Thursday, bringing the market index has recorded decline for the fifth consecutive session, after the continued significant decline of crude oil prices.

The Saudi stock market index opened (trading) daily dealings decline of 2.49%, to settle around 8201.96 points, levels, and thus have the lowest levels in more than a year, with a trade value amounted to about 1.8 billion Saudi riyals, and so promptly at 8:50 GMT.

Decline in the general index of the Saudi stock market (Tadawul) came after a continued decline in oil prices, which fell to their lowest level in five years.

Lower oil prices came after the issuance of the expectations for a group of Petroleum Exporting Countries (OPEC) on Wednesday indicated that the demand for crude oil rates will fall over the next year in 2015 to its lowest level in 12 years, with lower crude oil (delivery in January ) in trading on Wednesday to critical levels amounted to US $ 60.40 a barrel, while stabilized in early trading on Thursday about US $ 61.38 per barrel

General index of the Saudi stock market was also affected (trading) sharp decline in the long US stocks in trading Wednesday, as concluded by the Dow Jones Industrial Average index Wednesday's session down 1.51%, while the Nasdaq indices declined Composite and the S & P rates stood at 1.73% and 1.64% respectively.

Dropped all sectors of the Saudi stock market index (trading) with the start of trading on Thursday, led by the petrochemical sector, which fell by 2.85% after a sharp drop in oil prices.

It is expected to close by the general index of the Saudi stock market (OTC) trading Thursday, down clear because of the state of anxiety, which controls the minds of Saudi investors due to the decline in oil prices, which will continue to create a state of dense on stock sales.

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