Al Rajhi Capital maintains lead as top Saudi brokerage in April

Al Rajhi Capital, the investment arm of Al Rajhi Bank, retained its lead as the top brokerage firm operating in Saudi Arabia for the fifth consecutive month in April, market data compiled by Argaam showed.

Al Rajhi Capital brokered up to 18.2 percent, or SAR 23.8 billion, of the total equity transactions on the Saudi Stock Exchange (Tadawul). 

NCB Capital moved up one notch to the second position, executing 12.81 percent (SAR 16.7 billion) of the total trading activity during the same month.

Aljazira Capital came third, with 12.73 percent (SAR 16.63 billion) of the total trading activity in April.

The combined trading value of Saudi brokerage firms stood at SAR 130.6 billion in the same period, dropping SAR 14.4 billion month-on-month.

In the Nomu parallel market, Aljazira Capital was the leading brokerage firm by market share last month, followed by Samba Capital.

Aljazira Capital brokered up to 26.1 percent, or SAR 62.7 million, of the total equity transactions on Nomu. 

Meanwhile, Falcom Financial Services was the leading firm in terms of exchange-traded funds (ETFs) in April, executing 99.6 percent (SAR 216.7 million) of the total trading activity during the month.