Al Rajhi, Aljazira Capital top list of Saudi stock brokerages in February

06/03/2018 Argaam Special

 

Al Rajhi Capital has maintained the lead as the top brokerage firm operating in Saudi Arabia in February for 15 straight months, data compiled by Argaam showed.

 

The brokerage accounted for 21.54 percent (SAR 29.18 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.

 

Aljazira Capital came in second place, accounting for 11.30 percent (SAR 15.32 billion) of total trading last month, followed by Alistithmar Capital with 10.51 percent, or SAR 14.25 billion.

 

Saudi Brokerage Firms (February 2018)

Rank

Brokerage Firms

Value Traded

(SAR bln)

Market Share

1

Al Rajhi Capital

29.18

21.54%

2

Aljazira Capital

15.32

11.30%

3

Alistithmar Capital

14.25

10.51%

4

NCBC

13.94

10.29%

5

Samba Capital

9.72

7.18%

6

HSBC Saudi Arabia

8.69

6.41%

7

Saudi Fransi Capital

8.49

6.27%

8

ANB Invest

6.45

4.76%

9

Riyad Capital

6.39

4.71%

10

Derayah Capital

4.89

3.61%

11

Albilad Investment Co.

3.31

2.44%

12

Alinma Investments

2.85

2.10%

13

Merrill Lynch KSA Co.

2.09

1.54%

14

EFG Hermes KSA 

1.85

1.36%

15

Alawwal Invest

1.43

1.05%

16

Falcom Financial Services

1.24

0.91%

17

Muscat Capital

1.09

0.80%

18

Aloula Geojit Capital 

0.96

0.71%

19

Morgan Stanley 

0.83

0.61%

20

Al-Nefaie Investment

0.71

0.52%

21

Deutsche Securities 

0.46

0.34%

22

Arbah Capital

0.40

0.30%

23

Jadwa Investment 

0.32

0.24%

24

Osool & Bakheet Capital

0.26

0.19%

25

Credit Suisse Saudi Arabia

0.15

0.11%

26

Audi Capital

0.10

0.07%

27

J.P. Morgan Saudi Arabia Limited

0.05

0.04%

28

Emirates NBD Capital

0.05

0.04%

29

Al-Khair Capital

0.04

0.03%

               Total

135.50

100%

 

The combined trading value of brokerage firms dropped by around SAR 28.4 billion month-on-month to SAR 135 billion in February.

 

On the Parallel Market (Nomu), the number of brokerage firms rose to 25 in February, compared to 23 in January.

 

Al Rajhi Capital topped the list of brokerages operating on Nomu in February, brokering up to 19.17 percent (SAR 15.23 million) of total transactions on the parallel market.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in February dropped to 10 firms instead of 11 the previous month.

 

Falcom Financial Services was the leading firm for the month, accounting for 99.38 percent (SAR 160.3 million) of total trading.

 

Aggregate Trading Values for All Brokerages (SAR bln)

Monthly Change (%)

Monthly Change

Value

Month

(10%)

(23)

206.49

January 2017

(27%)

(55)

151.45

February

(4%)

(6)

145.03

March

(10%)

(14)

130.63

April

(1%)

(1)

129.32

May

(15%)

(20)

109.45

June

+11%

+ 12

121.02

July

(1%)

(1)

120.37

August

(17%)

(20)

100.34

September

+33%

+33

133.13

October

+13%

+ 17

150.49

November

+16%

+ 24

174.83

December

(6%)

(11)

163.93

January 2018

(17%)

(28)

135.50

February

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