I need two replies to those essays.

And this is the subject that they were discussing:

Discuss in your own words the distinguishing features of Equity market of KSA and USA.

essay 1:

Differentiating factors between the U.S. and Saudi Arabian equity markets include their respective regulatory environments, market sizes, investor bases, and levels of public access. Key distinctions between the KSA and U.S. equity markets are as follows:

1. Regulatory Framework: The regulatory structures in KSA and the United States govern equity markets. The Securities and Exchange Commission (SEC) is a well-established authority that regulates the stock markets and enforces legislation to safeguard investors in the United States. In contrast, Saudi Arabia has its regulatory organization in the form of the Capital Market Organization (CMA), which has been trying to improve the openness and functionality of the domestic stock exchange.
2. Market Size: If you're looking for a broad and liquid market, go no further than the U.S. stock exchange. The New York Stock Exchange (NYSE) is only one of several main exchanges of this network. However, the Saudi Stock Exchange (Tadawul) represents a smaller but quickly expanding equities market in the country.
3. Investor Base: The institutional, mutual fund, pension, and retail investors make up the U.S. equities market's vast and varied investor base. Despite attempts to attract institutional and overseas investment, individual investors remain the backbone of the Saudi Arabian capital market.
4. Market Accessibility: Equity markets in KSA and the USA are not as easily accessible to the general public. Foreign and local investors have easy access to the vast investment opportunities in the U.S. market via brokerage accounts. Foreign investors have had limited access to the KSA stock market since it has historically been geared toward local investors. The Kingdom of Saudi Arabia (KSA) has made strides in recent years to entice more international investment via programs like the Qualified Foreign Investor (QFI) scheme.

essay 2:

The equity markets in both KSA and USA have their own unique features. The Us equity market is the largest in the word, and is home to some of the largest and most traded companies such as Apple, Amazon, and Google.

USA equity market:

- Largest equity market in the word

- High degree of liquidity and accessibility for investors

- Strong regulatory freamework overseen by SEC to protect investors

KSA equity market:

- Relatively small market size

- Govrnment ownership and intervention in many large companies

- Repidly growing market with recently totaled over 200 companies

- Fewer trading regulations than the US