Al Rajhi, Aljazira Capital top list of Saudi brokerages in December

03/01/2018 Argaam Special

 

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

 

The brokerage accounted for 20.6 percent (SAR 37.8 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.

 

Aljazira Capital moved up to second place, accounting for 14.48 percent (SAR 25.3 billion) of total trading last month, followed by NCB Capital with SAR 17.5 billion. 

 

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

 

Saudi Brokerage Firms (December 2017)

Rank

Brokerage Firms

Trading value

Market share

(SAR bln)

1

Al Rajhi Capital

37.76

21.60 %

2

Aljazira Capital

25.32

14.48 %

3

NCBC

17.46

9.99 %

4

Alistithmar Capital

15.68

8.97 %

5

Samba Capital

12.42

7.10 %

6

Saudi Fransi Capital

10.84

6.20 %

7

HSBC Saudi Arabia

10.73

6.14 %

8

Riyad Capital

10.16

5.81 %

9

ANB Invest

8.19

4.68 %

10

Derayah Capital

6.05

3.46 %

11

Albilad Investment Co.

4.17

2.38 %

12

Alinma Investments

3.28

1.88 %

13

Falcom Financial Services

2.22

1.27 %

14

Aloula Geojit Capital

1.97

1.12 %

15

Alawwal Invest

1.75

1.00 %

16

Merrill Lynch KSA Co.

1.13

0.64 %

17

EFG Hermes KSA

1.01

0.58 %

18

Morgan Stanley

0.90

0.52 %

19

Al-Nefaie Investment

0.76

0.43 %

20

Muscat Capital

0.68

0.39 %

21

Al-Khair Capital

0.57

0.33 %

22

Arbah Capital

0.46

0.26 %

23

Osool & Bakheet Capital

0.41

0.24 %

24

Jadwa Investment

0.38

0.22 %

25

Deutsche Securities

0.25

0.14 %

26

Emirates NBD Capital

0.11

0.07 %

27

Audi Capital

0.07

0.04 %

28

Credit Suisse Saudi Arabia

0.06

 0.04 %

29

J.P. Morgan Saudi Arabia Limited

0.04

0.02  %

Total

 

174.83

100 %

 

The combined trading value of brokerage firms rose by SAR 24 billion month-on-month to SAR 174.83 billion in December.

 

On the Nomu Parallel Market, the number of brokerage firms dropped to 23 in December, compared to 24 in November.

 

Aljazira Capital topped the list of brokerages operating on Nomu in December, brokering up to 18.35 percent (SAR 18.14 million) of total transactions on the parallel market.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in December dropped to 10 firms instead of 11 the previous month.

 

Falcom Financial Services was the leading firm for the month, accounting for 99.74 percent (SAR 202.33 million) of total trading compared to 99.10 percent the previous month.

 

Combined Trading Values – 2017 (SAR bln)

Monthly Change (%)

Monthly Change

Value

Month

(10%)

(23)

206.49

January

(27%)

(55)

151.45

February

(4%)

(6)

145.03

March

(10%)

(14)

130.63

April

(1%)

(1)

129.32

May

(15%)

(20)

109.45

June

+11%

+ 12

121.02

July

(1%)

(1)

120.37

August

(17%)

(20)

100.34

September

+33%

+33

133.13

October

+13%

+ 17

150.49

November

+16%

+ 24

174.83

December

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read