Al Rajhi Cap top brokerage firm in Saudi in March 2019

07/04/2019 Argaam Special

 

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

 

The brokerage accounted for 15.32 percent (SAR 18.92 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.

 

NCB Capital came in the second place, accounting for 11.95 percent (SAR 14.75 billion) of total trading last month.

 

Aljazira Capital took the third position, making up for 9.05 percent (SAR 11.2 billion) of total trading last month.

 

The combined trading value of brokerage firms rose SAR 29.5 billion month-on-month to SAR 123.48 billion in March.

 

On the Nomu Parallel Market, Al Rajhi Capital topped the list of brokerages operating in the same month, brokering up to SAR 12.1 million of total transactions.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in February declined to 11 firms from 12 in the previous month.

 

Falcom Financial Services was the leading firm for the month, accounting for 99.98 percent (SAR 314.7 million) of total trading.

 

HSBC Saudi Arabia took the lead for trading on sukuk and bonds with around SAR 127.54 million. Aljazira Capital came second with SAR 91.81 million worth of transactions.

 

Saudi Brokerage Firms (March 2019)

Rank

Brokerage Firms

Trading value

Market share

(SAR bln)

1

Al Rajhi Capital

18.92

15.32%

2

NCBC

14.75

11.95%

3

Aljazira Capital

11.17

9.05%

4

SAMBA Capital

9.37

7.59%

5

Saudi Fransi Capital

8.78

7.11%

6

HSBC Saudi Arabia

8.36

6.77%

7

Alistithmar Capital

7.02

5.68%

8

Riyad Capital

6.93

5.61%

9

Derayah Capital

6.50

5.26%

10

ANB Invest

5.69

4.61%

11

Merrill Lynch KSA Co.

5.38

4.35%

12

Albilad Investment Co.

3.33

2.70%

13

Alinma Investment

3.14

2.54%

14

EFG Herms Saudi Arabia

2.85

2.31%

15

J.P. Morgan Saudi Arabia Limited

2.82

2.28%

16

Falcom Financial Services

1.67

1.36%

17

Morgan Stanley

1.37

1.11%

18

Goldman Sachs Saudi Arabia

0.92

0.75%

19

Alawwal Invest

0.92

0.74%

20

Al Khair Capital

0.85

0.69%

21

Muscat Capital

0.61

0.49%

22

Al-Nefaie Investment

0.51

0.41%

23

Credit Suisse Saudi Arabia

0.28

0.23%

24

Arbah Capital

0.27

0.22%

25

Deutsche Securities

0.25

0.20%

26

Emirates NBD Capital

0.24

0.19%

27

Jadwa Investment

0.24

0.19%

28

Osool & Bakheet Capital

0.19

0.15%

29

JIB Capital

0.08

0.07%

30

Audi Capital

0.07

0.06%

Total

 

123.48

100.00%

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