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Liquidity also dried up in GCC markets, with the average daily market turnover in US dollars declining between 40 and 50 per cent quarter-on-quarter across all markets, as investors became more risk averse and turned away from equities as an asset class.
The average daily market turnover has plummeted to as low as RO2-3 million now, from RO6-7 million in the first quarter.
The average daily market turnover has declined to RO2-3 million now, compared to RO6-7 million in the first quarter," Sundar said.
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