The Al-Eqtisadiah newspaper reported that Saudis trading US stocks through institutions licensed by the Capital Markets Authority fell 48.4% year-on-year in the first quarter of this year. In a report based on data from the Capital Markets Authority, the Saudi newspaper Al-Ektisadiya stated that “Saudi transactions through licensed institutions in the first quarter of this year amounted to 39.9 billion riyals, buying and selling ($10.65 billion), recording a decrease of 48.4% compared to the same quarter in 2021, amounting to about 77.4 billion rials.
And she pointed out that “compared with the previous quarter, trade decreased by 13.6%, after recording about 46.2 billion rials in the fourth quarter of 2021 to record a quarterly decline in trade and the sixth consecutive quarter, while we find that the trade in the third quarter of 2020 is the highest recorded trade, it has surpassed the barrier of 100 billion rials so far. The report added: “Saudi trading in the US stock market is divided into two types: the first is through companies licensed by the Saudi Capital Market Authority, and the second is direct trading without a local broker, but there is no official data. in terms of the volume of these transactions.
Source: El Iktisad
