Saudi trades in US stocks surge 606% in 2020

  • 2/22/2021
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Saudi investors recorded the highest value of SR114.2 billion in Q3 2020 from trading of US stocks Saudi investors traded US stocks through brokerage companies licensed by the Capital Market Authority (CMA), worth SR323.4 billion in 2020, a surge of 606 percent, compared with SR45.8 billion a year earlier. The US stocks rose remarkably last year, with the Dow Jones Index and S&P 500 gaining 6.9 percent and 16 percent, respectively. Meanwhile, NASDAQ Composite jumped 42.9 percent, reaching its highest level in 11 years. The CMA report on the traded value of authorized persons (local brokers) in the global markets does not include the number of Saudi portfolios overseas or the number of investors trading directly through foreign brokers. Saudi investors recorded the highest value of SR114.2 billion in Q3 2020 from trading of US stocks, followed by SR98.2 billion in the fourth quarter.

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