QNB Financial Services (QNBFS), a subsidiary of QNB, topped among the 10 brokerage houses in the QSE (Qatar Stock Exchange), constituting 26.32% of the total share trade turnover during January-April this year, according to the collated data from the bourse.
The Group Securities, QNBFS, Commercial Bank Investment Services (CBQIS) and Dlala Brokerage – which are conventional stock broking entities – together accounted for about 74% of stocks trade turnover in the QSE during the first four months of 2018.
Only three of the 10 brokerage entities witnessed year-on-year gains in their trade turnover during January-April, which saw the 20-stock barometer close in the positive vis-a-vis the year-ago period.
QNBFS’ trade turnover amounted to QR13.61bn during this January-April, surging 16.13% year-on-year (y-o-y). The transactions, however, saw an 11.57% decline to 80,990 at the end of April 30, 2018.
The Group Securities’ share stood at 24.43%, while its trading turnover declined 5.68% y-o-y to QR12.63bn during January-April 2018. The deals through it surged 19.42% to 288,985 as on April 30, 2018.
CBQIS, the stock broking arm of Commercial Bank, accounted for 12.13% of trade turnover (QR6.27bn), which saw a yearly 19.62% decline. It witnessed a 17.95% drop in transactions to 80,640 until April 30, 2018.
Dlala Brokerage, the conventional stock broking arm of Dlala Holding, accounted for 10.98% of trade turnover (QR5.68bn), which plunged 32.46% y-o-y during January-April 2018. The deals were down 10.65% to 46,796 as on April 30, 2018.
The Qatar Financial Market Authority had earlier approved the Group Securities and CBQIS as liquidity providers, while said other licences 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.
Qatar Securities accounted for 8.26% of trade turnover (QR4.27bn), which however saw 85.65% surge on a yearly basis. Its transactions also expanded 67.72% to 57,181 at the end of April 30, 2018.
Al-Ahli Brokerage, a subsidiary of Ahli Bank, saw its trade turnover gain 7.99% to QR3.11bn, accounting for a market share of 6.01% during January-April 2018. It registered 12.64% expansion in deals to 45,891 during the review period.
Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 3.72% of trade turnover (QR1.92bn), which was down 3.03% y-o-y in January-April 2018. There were a total of 22,967 transactions until April 30, 2018, which reported 13.39% decline.
The Gulf Investments Group’s share stood at 3.34% of trading turnover (QR1.73bn), which shrank 20.28% y-o-y in the review period. There were a total of 19,883 transactions through it during January-April 2018, representing 16.77% yearly fall.
International Securities constituted 3.25% of trading turnover (QR1.68bn), which contracted 33.6% y-o-y in the four-month ended this April. The deals through it however reported a 16.29% annual jump to 25,507 at the end of April 30, 2018.
Islamic Securities’ market share was 1.56% of trade turnover (QR0.8bn), plummeting 66.8% y-o-y in the review period. The deals by the brokerage shrank 24.92% to 14,496 until April 30, 2018.
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