By Mohammed Idries
Riyadh-Mubasher: The total traded value of Saudi brokerage companies declined 37% to SAR 243.98 billion in February, compared with SAR 388.65 billion in the same month of 2015.
All brokerage companies recorded a decline in their traded value, led by AlJazira Capital whose turnover fell SAR 23 billion. It was followed by HSBC Saudi Arabia with SAR 22 billion, and then NCB Capital with SAR 18 billion.
Al-Rajhi Capital took the lead among Saudi brokerage companies for the second straight month in February. The company dominated 20% of the total turnover.
AlJazira Capital came second with 16.73% of the total, followed by NCB Capital (11.17%).
Translated by Abdul Maguid Aboshahla
