By Santhosh V Perumal
The Group Securities retained the top position in terms of brokerage business year-to-date (YTD) in July. The Group Securities accounted for 31.38% of the Qatar Stock Exchange trading value (QR78.89bn) YTD in July against 30.08% the year-ago period. The brokerage undertook 1.29mn transactions YTD July 2014.
The Qatar Financial Market Authority had earlier approved the Group Securities as one of the liquidity providers, saying other licences were on the pipeline.
QNB Financial Services, the brokerage arm of QNB, accounted for 16.35% of the trading value (QR41.1bn) YTD in July against 12.46% the comparable period of 2013. The company executed a total of 264,596 deals YTD July 2014.
Dlala Brokerage, a conventional broking arm of Dlala Holding, accounted for 10.66% of trading value (QR26.8bn) compared to 11.94% the year-ago period. It had undertaken a total of 212,380 transactions YTD July 2014.
Qatar Securities’ share was 10.18% of trading value (QR25.59bn) against 11.28% the previous-year period. The brokerage carried out a total of 227,410 deals YTD July 2014.
International Securities constituted 8.1% of the trading value (QR20.36bn) against 6.93% in the comparable period of 2013. There were a total of 150,959 transactions YTD July 2014.
The Gulf Investments Group’s share stood at 8.56% of the trading value (QR21.51bn) YTD in July against 11.02% in the previous-year period. It had undertaken a total of 158,613 deals YTD July 2014.
Islamic Securities’ market share was 3.9% of trading value (QR9.81bn) compared to 4.8 the previous-year period. The brokerage undertook 117,829 transactions YTD July 2014.
Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 3.23% of trading value (QR8.12bn) against 3.08% the comparable period of 2013. There were a total of 93,485 deals YTD July 2014.
Commercial Bank Investment Service, the stock broking arm of Commercial Bank, accounted for 5.95% of trading value (QR14.96bn) compared to 6.7% the previous-year period. It had undertaken 70,619 transactions YTD July 2014.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its market share fall to 1.07% of the trading value (QR2.69bn) against 1.28% the year-ago period. There were a total of 21,890 deals YTD July 2014.
Al Rayan Financial Brokerage, a stock broking unit of Masraf Al Rayan, accounted for 0.63% of trading value (QR1.59bn) compared to 0.43% the previous year period. There were a total of 13,703 transactions YTD July 2014.
