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

Al Rajhi Capital has continued to lead as the top brokerage firm operating in Saudi Arabia in August, data compiled by Argaam showed.

It brokered up to 21.93 percent (SAR 26.4 billion) of total market transactions on the Saudi Stock Exchange (Tadawul).

NCB Capital came in the second place, accounting for 12.15 percent, or SAR 14.6 billion of total trading last month, followed by Aljazira Capital, executing SAR 12.53 billion worth of deals. 

The total turnover amount is double the value disclosed by Tadawul, as brokerage firms take commission from both sellers and buyers.

The combined trading value for listed firms rose slightly by 0.4 percent month-on-month to SAR 120.4 billion in August.

As for Nomu Parallel Market, the number of brokerage firms declined to 22 in August compared to 24 companies in the previous month.

Aljazira Capital topped the list of Nomu-operating brokerages for the six consecutive month, as it brokered up to 18 percent, or SAR 19.79 million, of Nomu’s total transactions.

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in August dropped to 10 firms instead of 12 in July.

Falcom Financial Services was the leading firm for the month, accounting for 99.55 percent (SAR 216.8 million) of the total trading compared to 96.38 percent the previous month.

Rank and Market Share (August 2017)
Rank	Brokerage Firms	Trading value	Market share
		(SAR bln)
1	Al Rajhi Capital	26.39	21.93%
2	NCB Capital	14.63	12.15%
3	Aljazira Capital	12.53	10.41%
4	Samba Capital	9.4	7.81%
5	Alistithmar Capital	9.09	7.55%
6	HSBC Saudi	7.46	6.20%
7	Saudi Fransi Capital	6.94	5.77%
8	Riyad Capital	6.77	5.63%
9	ANB Invest	6.26	5.20%
10	Derayah Capital	4.66	3.87%
11	Albilad Investment Co.	2.4	2.00%
12	Alinma Investments	2.35	1.95%
13	Muscat Capital	1.76	1.46%
14	Alawwal Invest	1.44	1.19%
15	EFG Hermes KSA	1.28	1.06%
16	Aloula Geojit Capital	1.25	1.04%
17	Falcom Financial Services	1.18	0.98%
18	Merrill Lynch KSA Co.	1.17	0.97%
19	Morgan Stanley	0.63	0.53%
20	Al-Khair Capital	0.55	0.46%
21	Al-Nefaie Investment	0.52	0.43%
22	Jadwa Investment	0.51	0.43%
23	Osool & Bakheet Capital	0.41	0.34%
24	Arbah Capital	0.25	0.21%
25	Deutsche Securities	0.18	0.15%
26	Emirates NBD Capital	0.16	0.13%
27	Credit Suisse Saudi Arabia	0.13	0.11%
28	Audi Capital	0.06	0.05%
29	J.P. Morgan Saudi Arabia Limited	--	--
30	The Investor for Securities Co.	--	--
Total		120.37	100.00%