Al Rajhi, Alistithmar Capital top list of Saudi brokerages in August

10/09/2018 Argaam Special

 

Al Rajhi Capital has maintained the lead as the top brokerage firm operating in Saudi Arabia in August for the 21st straight month, data compiled by Argaam showed.

 

The brokerage accounted for 26.31 percent (SAR 28.54 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.

 

Alistithmar Capital moved up to the second place, accounting for 16.84 percent (SAR 18.27 billion) of total trading last month.

 

Aljazira Capital moved backward to the third position, making up for 9.76 percent (SAR 10.59 billion) of total trading last month.

 

The combined trading value of brokerage firms dropped SAR 37.93 billion month-on-month to SAR 108.50 billion in August.

 

Al Rajhi Capital topped the list of brokerages operating on the Nomu Parallel Market in the same month, brokering up to SAR 12.12 million of total transactions.

 

Samba Capital moved down from the first rank to the 5th rank, brokering up to SAR 4.4 million of total transactions on the parallel market.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in August declined to 11 firms from 13 in the previous month.

 

Falcom Financial Services was the leading firm for the month, accounting for 99.94 percent (SAR 188.58 million) of total trading.

 

HSBC Saudi Arabia topped the firms that traded on sukuk and bonds with around SAR 19.99 million.

 

Saudi Brokerage Firms (August 2018)

Rank

Brokerage Firms

Trading value

(SAR bln)

Market share

1

Al Rajhi Capital

28.54

 26.31%

2

Alistithmar Capital

18.27

 16.84%

3

Aljazira Capital

10.59

 9.76%

4

NCBC

7.67

 7.07%

5

HSBC Saudi Arabia

6.20

 5.71%

6

Samba Capital

5.39

 4.97%

7

Saudi Fransi Capital

5.07

 4.67%

8

Riyad Capital

4.18

 3.85%

9

ANB Invest

3.69

 3.40%

10

Albilad Investment Co.

2.97

 2.74%

11

Derayah Capital

2.85

 2.63%

12

Alinma Investment

2.32

 2.14%

13

Falcom Financial Services

1.97

 1.81%

14

Merrill Lynch KSA Co.

1.63

 1.50%

15

Muscat Capital

1.35

 1.25%

16

EFG Hermes KSA

1.20

 1.10%

17

Alawwal Invest

1.03

 0.95%

18

Morgan Stanley

0.87

 0.80%

19

Aloula Geojit Capital

0.74

 0.68%

20

Al-Nefaie Investment

0.43

 0.40%

21

Jadwa Investment

0.43

 0.39%

22

Arbah Capital

0.29

 0.27%

23

Deutsche Securities

0.22

 0.21%

24

Osool & Bakheet Capital

0.20

 0.18%

25

J.P. Morgan Saudi Arabia Limited

0.19

 0.17%

26

Audi Capital

0.11

 0.10%

27

Goldman Sachs Saudi Arabia

0.04

 0.03%

28

Emirates NBD Capital

0.03

 0.03%

29

Credit Suisse Saudi Arabia

0.03

 0.03%

30

Al-Khair Capital

0.003

 0.00%

Total

 

108.50

100 %

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