The total trading facilities granted by brokerage firms to clients on the Saudi Stock Exchange (Tadawul) increased 29 percent to SAR 9.74 billion in the second quarter of 2018, compared to SAR 7.56 billion in the year-ago period, the Capital Market Authority (CMA) said in a report.
The number of clients receiving facilities rose 7 percent to 1,930, from 1,803 clients in Q2 2017.
On the other hand, the used financing jumped 44 percent to register SAR 7.04 billion in Q2 2018, compared to SAR 4.88 billion in the same period of the previous year.
Moreover, used financing from the available margin facilities surged to 72 percent from 65 percent in Q2 2017.
Value of Margin Facilities (SAR mln) |
|||
Period |
Q2 2017 |
Q2 2018 |
Variation |
No. of investors |
1803 |
1930 |
+ 7 % |
Available margin facilities (SAR mln) |
7559 |
9743 |
+ 29 % |
Used financing (SAR mln) |
4880 |
7044 |
+ 44 % |
Used financing (%) |
65% |
72% |
-- |
On a quarterly basis, the number of clients receiving facilities increased 6 percent. Available margin facilities increased 9 percent, while used financing grew 8 percent in Q2 2018.
Margin Facilities Since Q1 2016 (SAR mln) |
|||
Period |
Number of investors |
Available margin facilities (SAR mln) |
Used financing (SAR mln) |
Q1 2016 |
2752 |
21697 |
11022 |
Q2 2016 |
2575 |
17530 |
10177 |
Q3 2016 |
2289 |
15182 |
9003 |
Q4 2016 |
2021 |
11776 |
6848 |
Q1 2017 |
1910 |
10047 |
5895 |
Q2 2017 |
1803 |
7559 |
4880 |
Q3 2017 |
1642 |
7245 |
4736 |
Q4 2017 |
1666 |
8206 |
5516 |
Q1 2018 |
1821 |
8970 |
6542 |
Q2 2018 |
1930 |
9743 |
7044 |
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