Saudi trades in US stocks surge 162% to hit record of SAR 77.4 bln in Q1 2021

18/05/2021 Argaam Special

US market trading screen


Saudi investors traded US stocks through brokerage companies licensed by the Capital Market Authority (CMA), worth SAR 77.4 billion, in Q1 2021, a surge of 162%, compared with SAR 29.6 billion a year earlier.

On a quarterly basis, Saudi trading in US stocks recorded a decrease of SAR 20.8 billion in Q1 2021 compared to SAR 98.2 billion in Q4 2020.

The US stocks rose remarkably last year, with the Dow Jones Index and S&P 500 gaining 7.8% and 5.8%, respectively. Similarly, NASDAQ index grew 2.8%.

Saudis’ Trading in US Stocks

Period

Value (SAR mln)

Variation

Q1 2016

6896

--

Q2 2016

6087

--

Q3 2016

7138

+39%

Q4 2016

4183

(45%)

Q1 2017

7992

+16%

Q2 2017

7715

+27%

Q3 2017

8497

+19%

Q4 2017

6816

+63%

Q1 2018

11785

+47%

Q2 2018

11078

+44%

Q3 2018

7204

(15%)

Q4 2018

11558

+70%

Q1 2019

11085

(6%)

Q2 2019

6472

(42%)

Q3 2019

14682

+104%

Q4 2019

13561

+17%

Q1 2020

29552

+167%

Q2 2020

81338

+1157%

Q3 2020

114246

+678%

Q4 2020

98229

+624%

Q1 2021

77410

+162%

Saudi investors' traded value of US stocks accounted for 98% of their total traded value in overseas markets, reaching SAR 79.1 billion.

Trading Values by Authorized Persons in Foreign Markets (buy, sell)

Market

Value (SAR mln)

Ratio (%)

US

77410

98.0%

GCC

904

1.1%

Europe

306

0.4%

Arabian

198

0.3%

Asian

48

0.1%

Other

186

0.2%

Total

79052

100%

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