Here’s how top Saudi brokerages performed in June

02/07/2024 Argaam Special

Tadawul trading screen 


SNB Capital topped the brokerage firms operating in the Main Market (TASI) in June, accounting for 26.5%, or SAR 90.3 billion, of total trading value.

 

Al Rajhi Capital came second, brokering up SAR 40.4 billion, or 11.9%, of the market transactions. Merrill Lynch Saudi Arabia followed, accounting for SAR 24.2 billion, or 7.1%, of total market transactions. 

 

The following table shows the brokerage firms operating in Saudi Arabia during May 2023:

 

Rankings & Trading Values of Tadawul's Brokerages (June 2024)

Rank

Brokerage Firms

Trading Value (SAR bln)

Market Share

1

SNB Capital

90.3

26.5%

2

Al Rajhi Capital

40.4

11.9%

3

Merrill Lynch Saudi Arabia

24.2

7.1%

4

Morgan Stanley

23.3

6.8%

5

HSBC Saudi Arabia

21.1

6.2%

6

Goldman Sachs Saudi Arabia

21.1

6.2%

7

Derayah Financial

18.4

5.4%

8

JP Morgan Saudi Arabia

17.6

5.2%

9

Riyadh Capital

13.8

4.0%

10

AlJazira Capital

13.3

3.9%

11

EFG-Hermes Saudi Arabia

8.7

2.6%

12

SAB Invest

8.3

2.4%

13

Saudi Fransi Capital

8.1

2.4%

14

Alistithmar Capital

6.9

2.0%

15

Alinma Investment

6.2

1.8%

16

ANB Invest

5.4

1.6%

17

Albilad Capital

3.3

1.0%

18

Citigroup Saudi Arabia

2.4

0.7%

19

Sahm Capital

1.3

0.4%

20

Emirates NBD Capital

1.1

0.3%

21

GIB Capital

1.0

0.3%

22

Yaqeen Capital

0.9

0.2%

23

Credit Suisse Saudi Arabia

0.8

0.2%

24

Alkhair Capital

0.7

0.2%

25

Jadwa Investment

0.7

0.2%

26

Arbah Capital

0.4

0.1%

27

Musharaka Capital

0.4

0.1%

28

Alkhabeer Capital

0.4

0.1%

29

Al-Nefaie Investment

0.4

0.1%

30

SICO Capital

0.3

0.1%

 

Total

340.7

100%
 

By the end of June, the combined traded value of brokerage firms stood at roughly SAR 340.7 billion, up 70% year-on-year (YoY).

 

On the Nomu-Parallel Market, Al Rajhi Capital led the way among peers last month, brokering almost SAR 553.2 million worth of shares.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) reached 16 in June, led by Albilad Investment which brokered nearly SAR 113 million worth of transactions.

 

SNB Capital topped brokerages dealing in the Sukuk & Bonds Market, brokering about SAR 3 billion worth of transactions.

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