AI Summary
Al Rajhi Capital has maintained the lead as the top brokerage firm operating in Saudi Arabia in December for the second straight month, data compiled by Argaam showed.
The brokerage accounted for 17.51 percent (SAR 21.06 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.
NCB Capital moved up to second place, accounting for 12.42 percent (SAR 14.94 billion) of total trading last month, followed by Aljazira Capital with 10.58 percent, or SAR 12.73 billion.
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 of brokerage firms declined by around SAR 4 billion month-on-month to SAR 120.28 billion in December.
On the Nomu Parallel Market, Al Rajhi Capital topped the list of brokerages operating in December, brokering up to SAR 18.75 million of total transactions on the parallel market.
Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in December remained unchanged at 12, compared to November.
Falcom Financial Services was the leading firm for the month, accounting for 99.60 percent (SAR 340.7 million) of total trading compared to the previous month.
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Saudi Brokerage Firms (December 2018) |
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Rank |
Brokerage Firms |
Trading value |
Market share |
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(SAR bln) |
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1 |
Al Rajhi Capital |
21.06 |
17.51% |
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2 |
NCBC |
14.94 |
12.42% |
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3 |
Aljazira Capital |
12.73 |
10.58% |
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4 |
Samba Capital |
9.50 |
7.90% |
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5 |
Riyad Capital |
8.96 |
7.45% |
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6 |
Saudi Fransi Capital |
8.29 |
6.89% |
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7 |
HSBC Saudi Arabia |
7.91 |
6.58% |
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8 |
Alistithmar Capital |
6.95 |
5.78% |
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9 |
Derayah Capital |
6.47 |
5.38% |
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10 |
ANB Invest |
5.77 |
4.80% |
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11 |
Alinma Investment |
3.45 |
2.87% |
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12 |
Albilad Investment Co. |
3.24 |
2.69% |
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13 |
Falcom Financial Services |
2.65 |
2.20% |
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14 |
EFG Hermes KSA |
1.65 |
1.37% |
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15 |
Merrill Lynch KSA Co. |
1.41 |
1.17% |
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16 |
Alawwal Invest |
1.14 |
0.95% |
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17 |
Morgan Stanley |
1.01 |
0.84% |
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18 |
Muscat Capital |
0.74 |
0.62% |
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19 |
Al-Nefaie Investment |
0.57 |
0.48% |
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20 |
Al Khair Capital |
0.32 |
0.27% |
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21 |
Arbah Capital |
0.26 |
0.22% |
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22 |
Audi Capital |
0.25 |
0.20 % |
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23 |
Jadwa Investment |
0.22 |
0.18% |
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24 |
J.P. Morgan Saudi Arabia Limited |
0.21 |
0.17% |
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25 |
Goldman Sachs Saudi Arabia |
0.19 |
0.16% |
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26 |
Osool & Bakheet Capital |
0.17 |
0.14% |
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27 |
Deutsche Securities |
0.14 |
0.11 % |
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28 |
Emirates NBD Capital |
0.06 |
0.05% |
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29 |
JIB Capital |
0.008 |
0.01% |
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30 |
Credit Suisse Saudi Arabia |
0.008 |
0.01% |
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Total |
120.28 |
100.00 % |
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