Al Rajhi Capital has taken the lead as the top brokerage firm operating in Saudi Arabia in September 2019, data compiled by Argaam showed.
The brokerage accounted for 14.07 percent (SAR 18.22 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.
NCB Capital moved up to second place, accounting for 9.13 percent (SAR 11.82 billion) of total trading last month, followed by Aljazira Capital (SAR 11.01 billion) and then HSBC Saudi Arabia (SAR 10.31 billion).
Goldman Sachs Saudi Arabia moved down from the first place to the ninth rank accounting for SAR 5.91 billion, while Riyad Capital moved up to the fifth position.
The combined trading value of brokerage firms decreased by around SAR 27.9 billion month-on-month to SAR 129.51 billion in September.
On the Nomu Parallel Market, Al Rajhi Capital topped the list of brokerages operating in September, brokering up to SAR 14.94 million of total transactions on the parallel market.
Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in September declined to 13, compared to 13 in August.
Falcom Financial Services was the leading firm for the month, accounting for 98.5 percent (SAR 312.5 million) of total trading compared to the previous month.
Saudi Brokerage Firms (September 2019) |
|||
Rank |
Brokerage Firms |
Trading value |
Market share |
(SAR bln) |
|||
1 |
Al Rajhi Capital |
18.22 |
14.07% |
2 |
NCBC |
11.82 |
9.13% |
3 |
Aljazira Capital |
11.01 |
8.50% |
4 |
HSBC Saudi Arabia |
10.31 |
7.96% |
5 |
Riyad Capital |
8.95 |
6.91% |
6 |
J.P. Morgan Saudi Arabia Limited |
7.82 |
6.04% |
7 |
SAMBA Capital |
7.54 |
5.82% |
8 |
Saudi Fransi Capital |
7.46 |
5.76% |
9 |
Goldman Sachs Saudi Arabia |
5.91 |
4.57% |
10 |
Derayah Capital |
5.40 |
4.17% |
11 |
ANB Invest |
4.94 |
3.82% |
12 |
Alistithmar Capital |
4.91 |
3.79% |
13 |
Merrill Lynch KSA Co. |
3.94 |
3.04% |
14 |
EFG Herms Saudi Arabia |
3.92 |
3.03% |
15 |
Albilad Investment |
3.63 |
2.80% |
16 |
Morgan Stanley |
3.30 |
2.54% |
17 |
Alinma Investment |
3.17 |
2.45% |
18 |
Credit Suisse Saudi Arabia |
1.64 |
1.26% |
19 |
Falcom Financial Services |
1.36 |
1.05% |
20 |
Alawwal Invest |
1.00 |
0.77% |
21 |
Jadwa Investment |
0.86 |
0.66% |
22 |
Al Khair Capital |
0.51 |
0.40% |
23 |
Al-Nefaie Investment |
0.46 |
0.36% |
24 |
Muscat Capital |
0.44 |
0.34% |
25 |
Emirates NBD Capital |
0.27 |
0.21% |
26 |
JIB Capital |
0.18 |
0.14% |
27 |
Arbah Capital |
0.18 |
0.14% |
28 |
Audi Capital |
0.18 |
0.14% |
29 |
Deutsche Securities |
0.15 |
0.11% |
30 |
Osool & Bakheet Capital |
0.06 |
0.04% |
Total |
129.51 |
100.00 % |
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