| Years of trading experience | Respondents (N=130) | Percentage (%) | 
 
   
   | Less than five years | 70 | 53.8 % | 
 
   
   | 5 to 10 years | 52 | 40.% | 
 
   
   | More than 10 years | 8 | 6.2% | 
 
   
   | The average size of respondent’s portfolio | 
 
   
   | Less than SR 100,000 | 70 | 53.8% | 
 
   
   | SR 100,000 - 500,000 | 36 | 27.7% | 
 
   
   | SR 500,001 to 1000,000 | 16 | 12.3% | 
 
   
   | SR 1000,000 and above | 8 | 6.2% | 
 
   
   | The main factor that negatively affects respondent’s investments in the stock market | 
 
   
   | Wrong advice from friend/market expert | 48 | 36.9% | 
 
   
   | Bad market performance | 16 | 12.3% | 
 
   
   | Insufficient research and analysis before making a decision | 30 | 23.1% | 
 
   
   | Insufficient knowledge and skill about stock analysis | 22 | 16.9% | 
 
   
   | My wrong decision | 14 | 10.8% | 
 
   
   | Other factor | 0 | 0% | 
 
   
   | The biggest loss in respondent’s portfolio values as a percentage | 
 
   
   | less than 5% | 16 | 12.3% | 
 
   
   | 5%-10% | 26 | 20% | 
 
   
   | 11%-20% | 40 | 30.8% | 
 
   
   | More than 20% | 48 | 36.9% | 
 
   
   | Market sentiments of respondents for the next year | 
 
   
   | Optimistic | 100 | 76.9% | 
 
   
   | Pessimistic | 30 | 23.1% | 
 
   
   | Is respondent willing to increase his/her investments in the stock market next year? | 
 
   
   | Yes | 79 | 60.8% | 
 
   
   | No | 51 | 39.2% | 
 
   
   | The tool used by traders to make a decision in the stock market | 
 
   
   | Technical Analysis | 34 | 26.2% | 
 
   
   | Fundamental Analysis | 24 | 18.5% | 
 
   
   | Rumors | 12 | 9.2% | 
 
   
   | Media | 22 | 16.9% | 
 
   
   | Advice | 48 | 36.9% | 
 
   
   | Intuition | 24 | 18.5% | 
 
   
   | others | 2 | 1.5% | 
 
   
   | Does respondent know about the existence of Behavioral Finance? | 
 
   
   | Yes | 30 | 23.1% | 
 
   
   | No | 100 | 76.9% |