Stock and bond trades in the Saudi market achieved a record for the first time since the market’s inception, with a trading value of about 72.6 billion riyals during the past 11 months in 2020. p>
According to Al-Eqtisadiah newspaper, the market, which is dedicated to trading bonds and sukuk on the Saudi Stock Exchange, witnessed trading of 4.4 billion riyals during the month of November alone. p>
When comparing the average rate for the three months before November, it becomes clear that there has been a decrease in the number of transactions executed during the past month, and it reached 256 deals, by a percentage 22 percent, compared to the average of 329 deals that took place from August to October.
The biggest decrease in the total trading values, which fell 52% in November, amounted to 4.4 billion riyals, compared to the average average of total trading values, Which took place from August to October amounting to 9.3 billion riyals.
It is reported that, in early September 2020, the Board of the Capital Market Authority allowed resident and non-resident foreigners to directly invest in listed and unlisted debt instruments. Government securities give annual dividends that are closer to guaranteed to investors who hold these securities.
The reason for the investors' appetite for the specialized exchange for trading in bonds and sukuk is due to several factors, the most important of which is the search for the highest return during the low interest time.
