The highest in two years: Saudis’ trading in the US stock market jumps 111%, recording 89.7 billion riyals

The Capital Market Authority revealed that Saudis’ trading (buying and selling) in US stocks through financial market institutions rose to 89.7 billion riyals by the end of the third quarter of 2024, an increase of 47 billion riyals and 111% from their levels in the third quarter of 2023, which were 42.6 billion riyals, recording their highest levels in two years, specifically since the third quarter of 2022.

According to the Capital Market Authority’s report for the third quarter of 2024, Saudis’ trading in the US stock market rose by 31 billion riyals, and by 53% from the second quarter of 2024, which was 58.6 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 988.4 billion riyals during the third quarter of 2024, compared to 909.5 billion riyals in the third quarter of 2023. Local trading accounted for 90.8% of total trading, amounting to 897.5 billion riyals. Trading in the US market came in second place, with a share of about 9.1% of total trading, while the share of other markets amounted to only 0.1% of trading values.