CMA: Saudi trading in US stock market hit 58.6 billion riyals during 3 months

The Capital Market Authority revealed a decrease in Saudi trading (buying and selling) in US stocks through financial market institutions to 58.6 billion riyals by the end of the second quarter of 2024, a decrease of 1.3 billion riyals and 2.1% from their levels in the second quarter of 2023, which were 59.8 billion riyals.

According to the Capital Market Authority’s report for the second quarter of 2024, Saudi trading in the US stock market decreased by 3.8 billion riyals, and by 6% from the second quarter of 2024, which was 62.3 billion riyals.

Saudis’ trading through financial market institutions is divided into 7 geographical regions: local, Gulf, Arab, Asian, American, European and others. The trading values ​​in all of them amounted to 962.2 billion riyals during the second quarter of 2024, compared to 715.1 billion riyals in the second quarter of 2023. Local trading accounted for 93.6% of the total trading, amounting to 900.4 billion riyals. Trading in the American market came in second place, with a share of about 6.1% of the total trading, while the share of other markets amounted to only 0.3% of the trading values.