Saudis’ trading in the US stock market recorded a slight decrease of 2.09% during the second quarter of 2024 on an annual basis, with a decrease of 1.25 billion riyals ($334.13 million) compared to the same quarter last year.
The value of Saudis’ trading in the US market through financial market institutions in the second quarter of 2024 amounted to about 58.56 billion riyals ($15.62 billion), compared to 59.81 billion riyals ($15.95 billion) in the second quarter of 2023; according to statistics prepared by Mubasher based on the quarterly bulletin issued by the Capital Market Authority.
The value of Saudis’ trading in the US stock market constituted 94.65% of the total value of their trading in foreign markets during the second quarter of 2024, amounting to 61.87 billion riyals ($16.5 billion).
On a quarterly basis, the value of Saudis’ trading in the US stock market decreased by about 6% during the second quarter of 2024 compared to the first quarter of the same year, during which it amounted to 62.31 billion riyals ($16.62 billion), declining by about 3.75 billion riyals ($1 billion).
During the first half of 2024, the value of Saudis’ trading in the US stock market increased by about 1.9% on an annual basis, reaching 120.87 billion riyals ($32.23 billion), compared to 118.65 billion riyals ($31.64 billion) in the same period in 2023, an increase of 2.22 billion riyals ($591.7 million).
At the level of total Saudi trading in local and foreign stock markets, it increased during the second quarter of 2024 by 34.57% on an annual basis, reaching 962.22 billion riyals ($256.59 billion), compared to 715.05 billion riyals ($190.68 billion) in the same quarter of last year, increasing by 247.17 billion riyals ($65.91 billion).
The increase in the total trading value came as the value of trading in local stocks increased by 37.7% during the second quarter of 2024 on an annual basis, to 900.35 billion riyals ($240.09 billion), compared to 653.85 billion riyals ($174.36 billion) in the corresponding quarter of 2023.
At the level of Saudis’ trading in other foreign markets during the second quarter of 2024, the value of trading in Gulf stocks came in second place; with a value of 1.17 billion riyals ($311.73 million), recording an annual increase of 21.4%, compared to 963 million riyals ($256.8 million) in the same quarter of last year.
The value of trading in Asian stocks reached 478 million riyals ($127.47 million), recording an annual increase in the second quarter of 2024 by 710.2% on an annual basis; as it reached 59 million riyals ($15.73 million) in the comparative quarter of last year.
The value of trading in European stocks amounted to 117 million riyals ($31.2 million), down by about 53.8% compared to the second quarter of 2024, while it amounted to 25 million riyals ($6.67 million) in Arab stocks, down by 75.96% on an annual basis.
Trading values in other markets increased by about 12,583% in the second quarter of 2024 on an annual basis, to 1.52 billion riyals ($405.87 million), compared to 12 million riyals ($3.2 million) in the same quarter of 2023.
