Here’s how top Saudi brokerages performed in June

Tadawul trading screen 

SNB Capital topped the brokerage firms operating in the Main Market (TASI) in June, accounting for 26.5%, or SAR 90.3 billion, of total trading value.

Al Rajhi Capital came second, brokering up SAR 40.4 billion, or 11.9%, of the market transactions. Merrill Lynch Saudi Arabia followed, accounting for SAR 24.2 billion, or 7.1%, of total market transactions. 

The following table shows the brokerage firms operating in Saudi Arabia during May 2023:

By the end of June, the combined traded value of brokerage firms stood at roughly SAR 340.7 billion, up 70% year-on-year (YoY).

On the Nomu-Parallel Market, Al Rajhi Capital led the way among peers last month, brokering almost SAR 553.2 million worth of shares.

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) reached 16 in June, led by Albilad Investment which brokered nearly SAR 113 million worth of transactions.

SNB Capital topped brokerages dealing in the Sukuk & Bonds Market, brokering about SAR 3 billion worth of transactions.