Saudis' trading in the US stock market recorded a decline of 40.1% during the third quarter of 2023 on an annual basis, with a decrease of 9.15 billion riyals ($2.44 billion) compared to the same period last year.
The value of Saudis’ trading in the American market through financial market institutions in the third quarter of 2023 amounted to about 13.65 billion riyals ($3.64 billion), compared to 22.8 billion riyals ($6.08 billion) in the third quarter of 2022. According to statistics based on the quarterly bulletin issued by the Capital Market Authority.
The value of Saudis’ trading in the American stock market represented 75.17% of the total value of their trading in foreign markets during the third quarter of 2023. The amount is 18.17 billion riyals ($4.84 billion).
On a quarterly basis, the value of Saudis’ trading in the US stock market decreased by about 7.67% during the third quarter of 2023 compared to the second quarter of the same year, during which it amounted to 14.79 billion riyals ($3.94 billion).
During the first three quarters of 2023, the value of Saudis’ trading in the US stock market decreased by about 63.6% on an annual basis, to 48.68 billion riyals ($12.98 billion), compared to 133.79 billion riyals ($35.68 billion) in the same period in 2022, to decrease. Equivalent to 85.11 billion riyals ($22.69 billion).
Regarding the total trading of Saudis in local and foreign stock markets, it increased during the third quarter of 2023 by 3.3% on an annual basis, to reach 782.41 billion riyals ($208.64 billion), compared to 757.1 billion riyals ($201.89 billion) in the same quarter of last year. It increased by 25.31 billion riyals ($6.75 billion).
The increase came in total trading; With the value of trading in local stocks increasing by 4.67% during the third quarter of 2023 on an annual basis, to 764.25 billion riyals ($203.8 billion), compared to 730.14 billion riyals ($194.7 billion) in the same quarter of 2022.
Regarding the level of Saudis’ trading in other foreign markets during the third quarter of 2023, the value of trading in Gulf stocks came in second place. With a value of 1.19 billion riyals ($317.18 million), recording an annual increase of 50.8%, compared to 788.67 million riyals ($210.31 million) in the same quarter of last year.
The value of trading in European stocks amounted to 362.22 million riyals ($96.59 million), recording an annual increase in the third quarter of 2023 by 170.5% on an annual basis. It amounted to 133.91 million riyals ($35.7 million) in the comparative quarter of last year.
Trading values in Arab stocks amounted to 32.98 million riyals ($8.79 million), declining by about 44.4% compared to the third quarter of 2022, while they amounted to 9.11 million riyals ($2.43 million) in Asian stocks, decreasing by 33.2% on an annual basis.
Other trading values also decreased by about 7.6% in the third quarter of this year on an annual basis, to 2.92 billion riyals ($778.07 million), compared to 3.16 billion riyals ($842.11 million), in the same quarter of 2022.
