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‎POS weekly transactions at SAR 12.3 bln: SAMA

November 1, 2023
in Business
‎POS weekly transactions at SAR 12.3 bln: SAMA
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POS weekly transactions at SAR 12.3 bln: SAMA

POS device

Point-of-sale (POS) transactions reached nearly SAR 12.30 billion in the week ended Oct. 28, compared to roughly SAR 10.06 billion in the week before, data issued by the Saudi Central Bank (SAMA) showed.

Data showed that about 186.33 million transactions were processed during the week.

POS transactions represent consumer spending using ATMs and credit cards in shopping malls, retail stores, pharmacies, etc.

The following table shows the weekly POS transactions:

Weekly POS Transactions

Week

Transactions (’000)

Value (SAR mln)

Weekly Change

Sept. 25 – Oct. 1

160613

12844.9

+23%

Oct. 2 – 8

154383

10819.8

(16%)

Oct. 9 – 15

151340

10265.2

(5%)

Oct. 16 – 22

138928

9513.2

(7%)

Oct. 23 – 29

156360

11687.2

+23%

Oct. 30 – Nov. 05

160288

11750.0

+1%

Nov. 06 – 12

154213

10601.1

(10%)

Nov. 13 – 19

145626

9799.2

(8%)

Nov. 20 – 26

142629

10022.1

+2%

Nov. 27 – Dec. 03

171207

13681.5

+37%

Dec. 04 – 10

153088

11050.4

(19%)

Dec. 11 – 17

155366

10739.3

(3%)

Dec. 18 – 24

142409

9742.2

(9.3%)

Dec. 25 – 31

168373

13456.6

+38%

Jan. 1- 7, 2023

157175

11173.8

(17%)

Jan. 8- 14

155827

10673.8

(4%)

Jan. 15- 21

144764

9713.0

(9%)

Jan. 22- 28

141095

10105.4

+4%

Jan. 29- Feb. 4

167916

12020.5

 +19%

Feb. 5- 11

160761

10912.3

(9%)

Feb. 12- 18

152195

10347.3

(5%)

Feb. 19- 25

147813

10399.4

+1%

Feb. 26- March 4

182044

14574.1

+40%

March 5- 11

174654

13209.3

(9%)

March 12- 18

163255

11999.2

(9%)

March 19- 25

146312

11040.4

(8%)

March 26- April 1

150207

12704.2

+15%

April 2- 8

153826

12580.8

(1%)

April 9- 15

156734

13039.3

+4%

April 16- 22

153692

12004.0

(8%)

April 23- 29

155411

10377.6

(14%)

April 30- May 6

172577

11592.9

+12%

May 7- 13

171464

10890.2

(6%)

May 14- 20

160857

10092.0

(7%)

May 21- 27

163445

10705.0

+6%

May 28- June 3

188590

13815.2

+29%

June 4- 10

173918

11686.9

(15%)

June 11- 17

175694

11651.8

(0.3%)

June 18- 24

171662

12295.7

+6%

June 25- July 1

177776

12123.1

(1%)

July 2 – 8

166489

11189.6

(8%)

July 9 – 15

171246

10919.2

(2%)

July 16 – 22

159618

10120.9

(7%)

July 23- 29

173387

11917.3

+18%

July 30- Aug. 5

183645

12664.7

+6%

Aug. 6 – 12

178956

11969.1

(5%)

Aug. 13-19

172775

12020.6

+0.4%

Aug. 20-26

166097

11367.7

(5%)

Aug. 27- Sept.2

195602

13836.3

+22%

Sept. 3- 9

180155

11326.9

(18%)

Sept. 10- 16

181876

11326.9

(1%)

Sept. 17-23

173910

10869.2

(3%)

Sept. 24-30

191142

13624.6

+25%

Oct. 1-7

189423

12145.5

(11%)

Oct. 8-14

183772

11146.7

(8%)

Oct. 15-21

169962

10056.6

(10%)

Oct. 22-28

186331

12301.9

+22%

Most sectors reported positive performance, led by clothes and footwear which grew on a weekly basis by 38%, followed by education and telecommunications (30% each), and food and beverages (29%).

Consumer spending focused on the food and beverages sector for the week, with nearly SAR 2.14 billion, followed by the restaurants and cafes sector with SAR 1.8 billion.

POS Transactions by Sector (SAR mln)

Segment

Transactions Value in Week

Ended Oct. 21

Transactions Value in Week

Ended Oct. 28

Weekly Change

Clothes & Footwear

537.3

742.0

+38%

Education

82.3

107.3

+30%

Telecommunications

83.5

108.9

+30%

Food & Beverages

1657.1

2141.7

+29%

Transport

626.2

789.4

+26%

Miscellaneous Goods & Services

1130.5

1363.0

+21%

Electronics & Electric Appliances

192.6

229.4

+19%

Restaurants & Cafes

1530.0

1804.4

+18%

Hotels

265.1

311.2

+17%

Furniture

239.2

278.8

+17%

Public Utilities

106.7

124.1

+16%

Recreation & Culture

225.5

259.8

+15%

Fuel Stations

711.8

817.0

+15%

Healthcare

703.3

804.9

+15%

Construction Materials

325.3

345.9

+6%

Jewelry

174.2

182.5

+5%

Others

1465.9

1891.6

+29%

Total

10056.6

12301.9

+22%

Riyadh led in terms of POS transactions’ value, accounting for nearly SAR 4.15 billion, or 34%, of the total. Jeddah came in second with SAR 1.58 billion, as shown below:

POS Transactions by City (SAR mln)

City

Transactions Value in Week Ended Oct. 21

Transactions Value in Week Ended Oct. 28

Weekly Change

Riyadh

3441.8

4146.3

+21%

Jeddah

1427.9

1584.1

+11%

Dammam

519.8

608.2

+17%

Makkah

400.2

478.1

+20%

Madinah

380.6

471.6

+24%

Al Khobar

302.9

349.1

+15%

Buraidah

240.4

290.3

+21%

Tabuk

186.0

249.9

+34%

Hail

156.5

213.5

+36%

Abha

126.7

159.3

+26%

Other cities

2873.8

3751.6

+31%

Total

10056.6

12301.9

+22%

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1681129

Tags: business‎POSWeekly
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