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Five brokerage firms acquire 48.5% of Tadawul’s turnover in 2020

Five brokerage firms acquire 48.5% of Tadawul’s turnover in 2020
Traded values through brokerage companies amounted to SAR 4.176 trillion last year.

Riyadh – Mubasher: Al Rajhi Capital headed brokerage companies dominating traded values on the main index of the Saudi Stock Exchange (Tadawul) during 2020 with SAR 701.26 billion, representing 16.8% of the markets’ total liquidity.

Traded values through brokerage companies amounted to SAR 4.176 trillion last year where a total of 158.2 billion shares were exchanged via 153.37 million transactions, official data showed.

HSBC Saudi Arabia took the second spot, acquiring 16.45% of Tadawul’s traded values at SAR 686.72 billion, followed by NCB Capital with SAR 508.43 billion, representing 12.18% of overall liquidity.

Aljazira Capital secured the fifth position with SAR 333.57 billion, followed by Derayah Financial with SAR 305.39 billion.

The aforementioned five companies dominated 48.5% of Tadawul’s total liquidity during 2020 at SAR 2.027 trillion.

In December 2020, traded values recorded via brokerage companies within the main index totalled SAR 506.69 billion.

During 2020, the Tadawul All Share Index (TASI) hiked by 3.58% on an annual basis, adding 300.3 points, to settle at the level of 8,689.53 points.

Market capital gained SAR 76.37 billion during 2020, raising the market cap value of listed shares to SAR 9.102 trillion, compared with SAR 9.03 trillion a year earlier.