Brokerage units of Qatar banks see income gain

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 ReporterThe 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.