Al Rajhi, Aljazira Capital top list of Saudi brokerages in July

05/08/2018 Argaam Special

 

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

 

The brokerage accounted for 23.43 percent (SAR 34.3 billion) of total market transactions on the Saudi Stock Exchange (Tadawul) last month.

 

Aljazira Capital maintained the second place for the fourth straight month, accounting for 11.94 percent (SAR 17.49 billion) of total trading last month. Alistithmar Capital moved to the third position with 11.47 percent (SAR 16.8 billion).

 

The total turnover amount is double the value disclosed by Tadawul, as brokerage firms take commission from both sellers and buyers.

 

The combined trading value of brokerage firms rose by SAR 53.6 billion month-on-month to SAR 146.43 billion in July.

 

Samba Capital topped the list of brokerages operating on the Nomu Parallel Market in July, brokering up to SAR 17.58 million of total transactions on the parallel market.

 

Aljazira Capital moved down from the first rank to the 10th rank in July, brokering up to SAR 3.48 million of total transactions on the parallel market.

 

Meanwhile, the number of brokerages working on exchange-traded funds (ETFs) in July rose to 13 firms instead of 11 the previous month.

 

Falcom Financial Services was the leading firm for the month, accounting for 99.57 percent (SAR 247.98 million) of total trading.

 

Saudi Fransi Capital was the only firm that traded on sukuk and bonds with around SAR 15.44 million.

 

Saudi Brokerage Firms (July 2018)

Rank

Brokerage Firms

Trading value

(SAR bln)

Market share

1

Al Rajhi Capital

34.30

23.43%

2

Aljazira Capital

17.49

11.94%

3

Alistithmar Capital

16.80

11.47%

4

NCBC

12.99

8.87%

5

Samba Capital

10.05

6.86%

6

HSBC Saudi Arabia

8.96

6.12%

7

Saudi Fransi Capital

8.23

5.62%

8

Riyad Capital

7.79

5.32%

9

ANB Invest

6.03

4.12%

10

Derayah Capital

4.12

2.81%

11

Albilad Investment Co.

3.36

2.30%

12

Alinma Investment

2.75

1.88%

13

Merrill Lynch KSA Co.

2.20

1.50%

14

EFG Hermes KSA

2.03

1.39%

15

Alawwal Invest

1.86

1.27%

16

Muscat Capital

1.47

1.01%

17

Falcom Financial Services

1.42

0.97%

18

Morgan Stanley

0.98

0.67%

19

Aloula Geojit Capital

0.93

0.63%

20

Al-Nefaie Investment

0.54

0.37%

21

Jadwa Investment

0.50

0.34%

22

Arbah Capital

0.37

0.26%

23

J.P. Morgan Saudi Arabia Limited

0.32

0.22%

24

Audi Capital

0.22

0.15%

25

Osool & Bakheet Capital

0.21

0.15%

26

Deutsche Securities

0.17

0.12%

27

Emirates NBD Capital

0.13

0.09%

28

Credit Suisse Saudi Arabia

0.10

0.07%

29

Goldman Sachs Saudi Arabia

0.09

0.06%

30

Al-Khair Capital

0.01

0.01%

Total

 

146.43

100 %

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