The current market conditions are unstable due to the global market crisis, which hit the worldwide economy a few weeks back. Following this, many financial institutes and banks have tried to deal with the problem by implementing various strategies. However, nothing has proved to be remedial till now. The Arab stock market, for fourth day, continued to fall, since a $700 billion bank rescue in US could not extinguish the global economic crisis. US is by far the world’s largest economy.

On Wednesday, Saudi Arabia's Tadawul All-Shares index considered to be the largest in the Middle East saw a fall of more than 7.5%.

The index was trading at 5,782.03 points at its opening, which proved to be its lowest level since July 2004.

The deputy governor of Saudi Arabia's central bank had earlier claimed that the country’s banks are not at all affected by the global crisis and can freely lend between each other. However, in spite of all these claims, the fall was seen.

Shortly after the markets opened, the Egypt's key CASE-30 stock index fell by 12.56 per cent to 5,156 points. The performance of Wednesday was as bad as that of Tuesday, which experienced a 16.47% drop that took index to a two year low.

In the past six months, the value of the CASE-30 has been lost by more than half.

Ahmed Hefnawi, an analyst with investment bank EFG Hermes, described the state by saying, “We're swamped here.”