Saudi trades in US stocks surge 606% to hit record of SAR 323.4 bln in 2020

21/02/2021 Argaam Special


Saudi investors traded US stocks worth SAR 323.4 billion through capital market institutions in 2020, a surge of 606%, compared with SAR 45.8 billion a year earlier.

 

The US stocks rose remarkably last year, with the Dow Jones Index and S&P 500 gaining 6.9% and 16%, respectively. Meanwhile, NASDAQ Composite jumped 42.9%, reaching its highest level in 11 years. 

 

The CMA report on the traded value of authorized persons (local brokers) in the global markets does not include the number of Saudi portfolios overseas or the number of investors trading directly through foreign brokers.

 

Saudis’ Trading in US Stocks

Period

Value (SAR mln)

Variation

2015

20,282

--

2016

24,304

+20%

2017

31,020

+28%

2018

41,625

+34%

2019

45,800

+10%

2020

323,365

+606%

 

 

Saudi investors recorded the highest value of SAR 114.2 billion in Q3 2020 from trading of US stocks, followed by SAR 98.2 billion in the fourth quarter.

 

Saudis’ Trading in US Stocks in 2020

Period

Value (SAR mln)

Variation

Q1 2020

29,552

+118%

Q2 2020

81,338

+175%

Q3 2020

114,246

+40%

Q4 2020

98,229

(14%)

 

Saudi investors' traded value of US stocks accounted for 98.3% of their total traded value in overseas markets, reaching SAR 328.8 billion.

 

Trading Values by Authorized Persons in Foreign Markets (buy, sell) (SAR bln)

Year

US

GCC

Europe

Arabian

Asian

Other

Total

2015

20282

8777

1328

756

22

597

31762

2016

24304

4685

710

101

16

852

30666

2017

31020

2993

1222

256

15

1104

36611

2018

41625

2557

2172

309

79

322

47067

2019

45800

3180

855

289

78

767

50968

2020

323365

3931

722

516

100

200

328834

 

For More Reports

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.