OREANDA-NEWS In the fourth quarter of 2023, the number of non—residents on the Russian stock market increased by 6.6 percent, to 29.1 thousand, and their total assets increased by 5.9 percent, to 1.34 trillion rubles. Kommersant writes about this with reference to the statistics of the Central Bank.

At the same time, the dynamics of growth began to slow down. In the previous three quarters, the value of non-residents' assets grew by 20-35 percent. And the jurisdictions of the Middle East, which had previously demonstrated increased demand, began to withdraw money. For example, the value of assets in the accounts of clients of Russian brokers from the UAE fell by 11 percent to 120.7 billion rubles in the last quarter of last year, although the number of clients increased by 18 percent.

Investors from Belize have reduced investments by seven percent, to 62 billion rubles (their number has not changed), and the assets of clients from Saudi Arabia show strange dynamics. In the third quarter, they increased from almost zero to 13.5 billion rubles, but in the fourth quarter they returned to the level of 33.6 million.

As a result, the growth in the value of non-residents' assets on the Moscow Exchange is maintained at the expense of investors from neighboring countries. For example, clients from Uzbekistan increased investments to 87 billion rubles, from Armenia — 18.9 billion (an increase of nine times), from Georgia — up to 3.6 billion. In all cases, the increase was due to legal entities.