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GCC trading drops 31 percent to USD30.06b in Ramadan
(MENAFN) Trading activity for the Gulf Cooperation Council (GCC) countries has been hit by a 31 percent plunge in value, reaching USD30.06 billion in Ramadan, Arab Times reported.
The number, which resulted in a trading volume average of USD1.35 billion, compares to USD2.05 billion logged for May this year. The decline is attributed to the peculiarities of lifestyle during Ramadan.
Total volume declined by more than a third to 3.65 billion shares as compared to 5.6 billion shares during the previous month resulting in average trading volume of 159.8 million shares in June 2015.
The number, which resulted in a trading volume average of USD1.35 billion, compares to USD2.05 billion logged for May this year. The decline is attributed to the peculiarities of lifestyle during Ramadan.
Total volume declined by more than a third to 3.65 billion shares as compared to 5.6 billion shares during the previous month resulting in average trading volume of 159.8 million shares in June 2015.
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