The Clap
The CMA revealed an increase in Saudis’ trading activity (buying and selling) in US stocks through companies licensed by the authority to SAR 71 billion by the end of Q2 2022.
The Deets
Saudis’ trading in US stocks jumped to SAR 31 billion in Q2 2022 while it amounted to SAR 39.9 billion during Q1 2022.
Saudi Trading Activity
Local trades accounted for 93.1% of the total trades, with a value of SAR 994 billion, while the US trades came in second place, with a share of about 6.7% of the total trading.
Why this Matters
Saudis’ trading in the US stock market recorded the first increase on an annual basis, since Q1 2021.
Saudis trading more in US Market 📈
