The Group Securities, QNB Financial Services and Dlala Brokerage accounted for more than 60% of stocks trade turnover in the Qatar Stock Exchange during the first four months of 2017, according to the local bourse data.
Six of the 10 brokerage entities witnessed declines in their trade turnover, while seven of them saw fall in deals during January-April this year, which saw the 20-stock barometer close in the negative vis-à-vis a year-ago period. The present year also saw Al Rayan Financial Brokers, a subsidiary of Masraf Al Rayan, suspend its operations.
Although the Group Securities retained the top position in trading activities with a 24.08% share of the total, its trading turnover fell 32.37% year-on-year (y-o-y) to QR13.39bn during January-April 2017. The deals through it declined 39.46% to 241,991 as on April 30, 2017.
QNB Financial Services, the brokerage arm of QNB, constituted 21.07% of trade turnover (QR11.72bn) during this January-April; surging 65.07%. The transactions saw a 30.39% increase to 91,583 as on April 30, 2017.
Dlala Brokerage, a conventional stock broking business arm of Dlala Holding, accounted for 15.13% of trade turnover (QR8.41bn), which grew 70.93% y-o-y during January-April 2017. The deals were down 6.8% to 52,374 as on April 30, 2017.
Commercial Bank Investment Service, the stock broking arm of Commercial Bank, accounted for 14.03% of trade turnover (QR7.8bn), which saw a yearly 72.57% jump. It witnessed a 42.23% increase in transactions to 98,282 until April 30, 2017.
The Qatar Financial Market Authority had earlier approved the Group Securities and Commercial Bank Investment Services as liquidity providers, while saying other licenses are on the pipeline. In May 2013, the financial market regulator had approved the liquidity provision (LP) scheme that can be carried out by the financial services firms.
Al-Ahli Brokerage, a subsidiary of Ahli Bank, saw its trade turnover gain 31.51% to QR2.88bn, cornering a market share of 5.19% during January-April 2017. It registered 38.17% rise in deals to 40,740 during the review period.
Qatar Securities accounted for 4.14% of trade turnover (QR2.3bn), which saw a 49.45% decline on a yearly basis. Its transactions plunged 51.12% to 34,094 at the end of April 30, 2017.
The Gulf Investments Group’s share stood at 3.9% of trading turnover (QR2.17bn), which shrank 52.83% y-o-y in the review period. There were a total of 23,890 transactions through it during January-April 2017, representing a 41.26% fall.
International Securities constituted 4.56% of trading turnover (QR2.53bn), which fell 29.33% in the four-month ended April. Its deals slumped 40.58% to 21,934 at the end of April 30, 2017.
Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 3.57% of trade turnover (QR1.98bn), which was down 2% y-o-y in January-April 2017. Through it, there were a total of 26,517 transactions until April 30, 2017, which reported 17% decline.
Islamic Securities’ market share was 4.33% of trade turnover (QR2.41bn), which shrank 2.82% y-o-y in the review period. The deals by the brokerage plummeted 38.6% to 19,307 until April 30, 2017.