RIYADH: Saudi investors’ trades in US stocks soared 78 percent at the end of the second quarter of 2022, according to a report by the Capital Market Authority.
The amount invested stood at SR71 billion ($19 billion) — the highest level in a year.
Saudis injected SR31 billion more when compared to the first quarter of 2022 and SR10.4 billion more than the corresponding period a year ago.
US stock investment by Saudi-based traders in the first quarter and the second quarter of 2021 stood at SR40 billion and SR61 billion, respectively.
The transactions of Saudis through licensed brokerage firms are divided among seven markets – local, Gulf, Arab, Asian, US, European, and other geographical regions.
The trading value across all territories amounted to SR1.07 trillion during the second quarter, against SR1.14 trillion in the year's first quarter.
Local trades accounted for 93.1 percent of the total amount, representing SR994 billion, followed by the US market with a share of 6.7 percent, while the remaining 0.2 percent was allocated to other markets.