The Impact of the Size of Investment in Local Financial Assets Mutual Funds on The Performance Indicators Of Financial Markets an Applied Study of The Saudi Stock Exchange During The Period 1996 - 2022

The research aims to analyze the impact of local financial assets of mutual funds on the performance indicators of financial markets in the Kingdom of Saudi Arabia, based on annual data for the total local financial assets of mutual funds as an independent variable and a set of dependent variables represented by (number of traded shares, value of traded shares, market value of issued shares, number of executed transactions, main financial market index, financial market depth index for a time series extending from 1996 to 2022. The deductive and inductive approaches were used to analyse the paths of relationships between the research variables. The results of the study showed that the variable represented by the financial market depth index was stable at the level, while the remaining variables were stable in first differences when testing for unit roots. Therefore, the (ARDL) model was used to analyze the impact relationship between the study variables. After conducting the Bounds test for joint integration, it was found that there is a long-term equilibrium relationship between the total local financial assets of Mutual Funds and each of (number of traded shares, value of traded shares, market value for issued shares, number of executed transactions, main financial market index); It was shown through the significance of the independent variable that it has a major role in determining the level of (value of traded shares, market value of issued shares, number of executed transactions, main financial market index, financial market depth index) in the short term, and the level of (value of traded shares, market value of issued shares, number of executed transactions) in the long term.