A Saudi expert for stock market has called on the Ministry of Finance and the Saudi Arabian Monetary Agency (SAMA), besides the local commercial banks aimed to recovery confidence to the local stock market of the stock value decline that does not get the firm and strong status of the Saudi economy.

Dr. Sami Bin Abdul Aziz Al Nuwaiser, an expert of financial investment, said:” The local stock market is a key indicators for any global economicparticularly for Kingdom witnesses a quantum jump in differnt areas, and yet to mention that the the economic growth rate of the Kingdom amounted about 6.5 percent in 2011.

He wondered why the local stock market before in collapse period in February 2006, when the index hit the top of 20635 points before it slump to the current oscillation between 6500-6700 point. It was a dramatic decline that does not get the economic boom of the Kingdom.

Al Nuwaiser suggested the establisment of a high commission of truth-finding that would be in charge of investigating of the real causes of the Saudi stock market since 2006 until now.

He pointed that the national wealth loss which caused in a dramatic and and remained uncertainty condition was estimated at a couple trillion of Saudi riyals, that is equivalent to a gross national earnings of the country for more than a year.

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