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Al Rajhi Capital took the lead as the top brokerage firm operating in Saudi Arabia in January 2020, data compiled by Argaam showed.
The brokerage accounted for 17.25% (SAR 29.11 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.
NCB Capital moved down to second place, accounting for 13.03% (SAR 21.99 billion) of total trading last month, followed by Aljazira Capital (SAR 16.33 billion) and Samba Capital (SAR 14.55 billion).
|
Saudi Brokerage Firms (TASI Jan. 2020) |
|||
|
Rank |
Brokerage Firms |
Trading value |
Market share |
|
(SAR bln) |
|||
|
1 |
Al Rajhi Capital |
29.11 |
17.25% |
|
2 |
NCBC |
21.99 |
13.03% |
|
3 |
Aljazira Capital |
16.33 |
9.68% |
|
4 |
Samba Capital |
14.55 |
8.62% |
|
5 |
Saudi Fransi Capital |
10.69 |
6.34% |
|
6 |
Derayah Capital |
10.32 |
6.11% |
|
7 |
Riyad Capital |
10.29 |
6.10% |
|
8 |
HSBC Saudi Arabia |
9.99 |
5.92% |
|
9 |
Alistithmar Capital |
8.26 |
4.90% |
|
10 |
ANB Invest |
7.24 |
4.29% |
|
11 |
Albilad Investment |
4.93 |
2.92% |
|
12 |
Alinma Investment |
4.80 |
2.84% |
|
13 |
EFG Herms Saudi Arabia |
3.09 |
1.83% |
|
14 |
Merrill Lynch KSA Co. |
2.44 |
1.45% |
|
15 |
Falcom Financial Services |
2.31 |
1.37% |
|
16 |
Goldman Sachs Saudi Arabia |
2.27 |
1.35% |
|
17 |
Morgan Stanley |
1.86 |
1.10% |
|
18 |
Alawwal Invest |
1.68 |
1.00% |
|
19 |
J.P. Morgan Saudi Arabia Limited |
1.55 |
0.92% |
|
20 |
Al Khair Capital |
1.16 |
0.69% |
|
21 |
Credit Suisse Saudi Arabia |
0.94 |
0.56% |
|
22 |
Muscat Capital |
0.58 |
0.34% |
|
23 |
Al-Nefaie Investment |
0.57 |
0.34% |
|
24 |
Jadwa Investment |
0.50 |
0.30% |
|
25 |
Arbah Capital |
0.35 |
0.21% |
|
26 |
Emirates NBD Capital |
0.26 |
0.15% |
|
27 |
Audi Capital |
0.24 |
0.14% |
|
28 |
GIB Capital |
0.22 |
0.13% |
|
29 |
Osool & Bakheet Capital |
0.20 |
0.12% |
|
30 |
Citigroup Saudi Arabia |
0.01 |
0.01% |
|
31 |
Deutsche Securities |
0.01 |
0.01% |
|
Total |
168.76 |
100 % |
|
The combined trading value of brokerage firms decreased by around SAR 57 billion month-on-month to SAR 168.76 billion in January.
On the Nomu Parallel Market, Al Rajhi Capital topped the list of brokerages operating in January, brokering up to SAR 139.6 million of total transactions on the parallel market.
Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in January remained unchanged at 13, compared to December 2019.
Falcom Financial Services was the leading firm for the month, accounting for 83.5% (SAR 7.2 million) of total trading compared to the previous month.
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