Saudi trades in US equities fall to SAR 14.8 bln in Q2 2023

07/09/2023 Argaam Special

Saudi trades in US equities fall to SAR 14.8 bln in Q2 2023

US stock trading hall


Saudi investors executed sell and buy transactions on US equities at a total value of SAR 14.8 billion through capital market institutions in Q2 2023, a year-on-year (YoY) fall of SAR 56.3 billion, or 79%.

 

Saudi trades in US stocks through capital market institutions recorded a decline of SAR 5.4 billion from SAR 20.2 billion in Q1 2023, the Capital Market Authority (CMA) said in a report.

 

The CMA report on the trading value of local brokers in the global markets does not include either details of the number of Saudi portfolios abroad, the number of investors trading directly through foreign brokers or their trading volumes.

 

The following table shows Saudi transactions on US equities since Q1 2016:

 

Saudi Transactions on US Equities

Period

Value

(SAR mln)

YoY Change

Q1 2016

6896

--

Q2 2016

6087

--

Q3 2016

7138

+39%

Q4 2016

4183

(45%)

Q1 2017

7992

+16%

Q2 2017

7715

+ 27%

Q3 2017

8497

+19%

Q4 2017

6816

+63%

Q1 2018

11785

+47%

Q2 2018

11078

+44%

Q3 2018

7204

(15%)

Q4 2018

11558

+70%

Q1 2019

11085

(6%)

Q2 2019

6472

(42%)

Q3 2019

14682

+104%

Q4 2019

13561

+17%

Q1 2020

29552

+167%

Q2 2020

81338

+1157%

Q3 2020

114246

+678%

Q4 2020

98229

+624%

Q1 2021

77410

+162%

Q2 2021

60647

(25%)

Q3 2021

50644

(56%)

Q4 2021

46206

(53%)

Q1 2022

39945

(48%)

Q2 2022

71040

+17%

Q3 2022

22808

(55%)

Q4 2022

14407

(69%)

Q1 2023

20238

(49%)

Q2 2023

14789

(79%)

 
 

The transactions in the US market accounted for nearly 91.4% of total trading by Saudis in foreign markets, which stood at SAR 16.2 billion, the market regulator added.

 

The table below highlights sell and buy transactions on US equities executed by Saudi investors through authorized market institutions in foreign markets in Q1 2023:

 

Traded Value by Authorized Market Institutions in Foreign Markets (SAR mln)

Region

Value

Percentage

US

14,789.0

91.4 %

GCC

962.8

6.0 %

European

253.0

1.6 %

Arabian

103.8

0.6 %

Asian

58.7

0.4 %

Other

11.9

0.1 %

Total

16,179.2

100%

 

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