Al Rajhi Cap top brokerage firm in Saudi in February 2019

06/03/2019 Argaam Special

 

Al Rajhi Capital remained the top brokerage firm operating in Saudi Arabia by market share (volume of transactions) in February 2019 for the fourth straight month, data compiled by Argaam showed.

 

The brokerage accounted for 15.5 percent (SAR 14.6 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.

 

NCB Capital came in the second place, accounting for 13.9 percent (SAR 13.1 billion) of total trading last month.

 

Aljazira Capital took the third position, making up for 10.0 percent (SAR 9.44 billion) of total trading last month.

 

The combined trading value of brokerage firms dropped SAR 42.41 billion month-on-month to SAR 94 billion in February.

 

On the Nomu Parallel Market, Al Rajhi Capital topped the list of brokerages operating in the same month, brokering up to SAR 22.45 million of total transactions.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in February increased to 12 firms from ten in the previous month.

 

Falcom Financial Services was the leading firm for the month, accounting for 99.85 percent (SAR 265.5 million) of total trading.

 

Aljazira Capital took the lead for trading on sukuk and bonds with around SAR 15.3 million. Samba Capital came second with SAR 5.1 million worth of transactions.

 

Saudi Brokerage Firms (February 2019)

Rank

Brokerage Firms

Trading value

Market share

(SAR bln)

1

Al Rajhi Capital

14.58

15.51 %

2

NCBC

13.09

13.93 %

3

Aljazira Capital

9.44

10.04 %

4

SAMBA Capital

7.45

7.92 %

5

HSBC Saudi Arabia

6.47

6.88 %

6

Saudi Fransi Capital

5.94

6.31 %

7

Riyad Capital

5.87

6.25 %

8

Alistithmar Capital

5.17

5.50 %

9

Derayah Capital

4.64

4.93 %

10

ANB Invest

4.58

4.87 %

11

Albilad Investment Co.

2.75

2.93 %

12

Alinma Investment

2.09

2.22 %

13

EFG Herms Saudi Arabia

1.98

2.10 %

14

Merrill Lynch KSA Co.

1.82

1.94 %

15

Morgan Stanley

1.46

1.56 %

16

Falcom Financial Services

1.45

1.54 %

17

Alawwal Invest

0.95

1.01 %

18

Goldman Sachs Saudi Arabia

0.74

0.78 %

19

Muscat Capital

0.56

0.59 %

20

Al Khair Capital

0.47

0.50 %

21

J.P. Morgan Saudi Arabia Limited

0.38

0.40 %

22

Deutsche Securities

0.38

0.40 %

23

Al-Nefaie Investment

0.37

0.39 %

24

Credit Suisse Saudi Arabia

0.36

0.39 %

25

Emirates NBD Capital

0.30

0.32 %

26

Jadwa Investment

0.24

0.25 %

27

JIB Capital

0.16

0.17 %

28

Osool & Bakheet Capital

0.14

0.15 %

29

Arbah Capital

0.11

0.12 %

30

Audi Capital

0.08

0.09 %

Total

 

94.01

100.00 %

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