Margin trading facilities up 29% in Q2

29/08/2018 Argaam Special

 

The total trading facilities granted by brokerage firms to clients on the Saudi Stock Exchange (Tadawul) increased 29 percent to SAR 9.74 billion in the second quarter of 2018, compared to SAR 7.56 billion in the year-ago period, the Capital Market Authority (CMA) said in a report.

 

The number of clients receiving facilities rose 7 percent to 1,930, from 1,803 clients in Q2 2017.

 

On the other hand, the used financing jumped 44 percent to register SAR 7.04 billion in Q2 2018, compared to SAR 4.88 billion in the same period of the previous year.

 

Moreover, used financing from the available margin facilities surged to 72 percent from 65 percent in Q2 2017.

 

Value of Margin Facilities (SAR mln)

Period

Q2 2017

Q2 2018

Variation

No. of investors

1803

1930

+ 7 %

Available margin facilities (SAR mln)

7559

9743

+ 29 %

Used financing

(SAR mln)

4880

7044

+ 44 %

Used financing (%)

65%

72%

--

 

On a quarterly basis, the number of clients receiving facilities increased 6 percent. Available margin facilities increased 9 percent, while used financing grew 8 percent in Q2 2018.

 

Margin Facilities Since Q1 2016 (SAR mln)

Period

Number of investors

Available margin facilities (SAR mln)

Used financing

(SAR mln)

Q1 2016

2752

21697

11022

Q2 2016

2575

17530

10177

Q3 2016

2289

15182

9003

Q4 2016

2021

11776

6848

Q1 2017

1910

10047

5895

Q2 2017

1803

7559

4880

Q3 2017

1642

7245

4736

Q4 2017

1666

8206

5516

Q1 2018

1821

8970

6542

Q2 2018

1930

9743

7044

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