The Saudi stock market has reduced its losses to almost 2%

Saudi Arabia's main stock market index trimmed losses at the close of trading on Monday, weighed down by sharp volatility in global markets and a sell-off after a weak U.S. jobs report sparked fears of an economic recession in the United States.

The index closed down 2.1% or 249.91 points at 11,504.46 points with a trading volume of 10 billion riyals.