The price of the stock exchange index in Saudi Arabia has fallen by 7.5%, and has reached its lowest mark since March 2011. Such sharp decline was caused by the worldwide reduction in oil prices and the sanctions removal against Iran. Tehran will now have a possibility to regain its positions on the international market, and to increase crude oil, gas and petroleum products exports. Tadawul is the largest index in the Arab countries, therefore the further competition with Iran will undoubtedly have a negative impact on the asset’s value.
Tadawul continues to further decrease in value. Traders will have a good chance to make good profit on the asset’s further reduction. Remember, that trading will be available during the European session, from 8:10 to 12:20 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.