By Mohamed Abu Meleeh
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw in 2015 its biggest declines since 2008, dragged lower by global economic difficulties mainly the slump in oil prices, which reflected on national economy.
Thus, a number of Tadawul-listed companies fell below their respective par values, while eight stocks recorded P/R ratios more than one hundred times higher.
The main index fell by 17.06% this year, compared with a decline of 2.37% last year. It advanced in 2013 and 2014, but fell in 2011 by 3.07%.
The market capitalisation lost SAR 234 billion, or 14.8%, which is the biggest decline since 2008.
Fourteen stocks were traded below their par value, topped by Atheeb Telecom that reached SAR 5.45, which is the lowest price in the market.
