QNB Financial Services, the brokerage arm of QNB, accounted for 14.9% of stocks trading value (QR23.95bn) YTD in December against 6.9% the comparable period of 2012.
By Santhosh V Perumal/Business Reporter
The brokerage units of Qatar’s commercial banks witnessed enhanced incomes through intermediary business, indicating higher non-interest earnings year-to-date (YTD) in December.
QNB Financial Services, the brokerage arm of QNB, accounted for 14.9% of stocks trading value (QR23.95bn) YTD in December against 6.9% the comparable period of 2012. Through it, there were a total of 212,845 deals and volume was 415.06mn shares YTD December 2013.
Commercial Bank Investment Service, the stock broking subsidiary of Commercial Bank, accounted for 7.54% of trading value (QR12.12bn) compared to 2.9% the previous year period. It had undertaken 41,577 transactions on a volume of 99.87mn stocks YTD December 2013.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its market share rise to 0.98% of trading value (QR1.57bn) against 0.89% the year-ago period. There were a total of 13,086 deals and volume was 34.58mn equities YTD December 2013.
Al Rayan Financial Brokerage, a stock broking unit of Masraf Al Rayan, accounted for 0.31% of trading value (QR497.1mn) compared to 0.16% the previous-year period. Through it, there were a total of 5,770 transactions and volume was 13.65mn shares YTD December 2013.
The Group Securities continued to be atop the chart, accounting for 29.15% of trading value (QR46.86bn) YTD in December against 29.09% the year-ago period. The entity had undertaken 845,035 transactions on a volume of 1.4bn stocks YTD December 2013.
The Qatar Financial Market Authority had earlier approved the Group Securities as liquidity provider, while saying other licenses are on the pipeline.
Dlala Brokerage, a traditional conventional stock broking business arm of Dlala Holding, cornered 12.25% of trading value (QR19.7bn) compared to 11.01% the comparable period of 2012. It had undertaken a total of 179,027 transactions and volume was 517.03mn equities YTD December 2013.
The Gulf Investments Group’s share substantially fell to 9.38% of trading value (QR15.08bn) YTD in December against 27.17% the previous year period. Through it, there were a total of 154,808 deals on a volume of 377.07mn stocks YTD December 2013.
Qatar Securities accounted for 10.26% of trading value (QR16.49bn) against 7.4% the year-ago period. Through it, there were a total of 186,474 deals and volume was 342.58mn shares YTD December 2013.
International Securities’ share stood at 6.81% of trading value (QR10.94bn) against 5.62% the comparable period of 2012. Through it, there were a total of 106,072 deals and volume was 269.04mn equities YTD December 2013.
Islamic Securities’ market share was 5.41% of trading value (QR8.7bn) compared to 6.12% in the previous year period. The brokerage outfit had undertaken 111,326 transactions and volume was 231.22mn stocks YTD December 2013.
Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 3.02% of trading value (QR4.86bn) against 2.74% the comparable period of 2012. Through it, there were a total of 67,738 deals and volume was 175.03mn shares YTD December 2013.