QNB Financial Services (QNBFS), a QNB subsidiary, continued to maintain its lead among the 10 brokerage houses on the QSE, accounting for 26.22% of the total share trade turnover during January-August this year.
Only four of the 10 brokerage entities witnessed year-on-year gains in their trade turnover during this January-August.
QNBFS’ trade turnover amounted to QR28.55bn during this January-August, surging 36.8% year-on-year (y-o-y). The transactions saw about 1% growth to 154,313 at the end of August 31, 2018.
The Group Securities’ share stood at 19.71%; its trading turnover declined 16.82% y-o-y to QR21.46bn during January-August 2018. The deals through it grew 9.14% to 502,358 as on August 31, 2018.
CBQIS, the stock broking arm of Commercial Bank, accounted for 17.86% of trade turnover (QR19.45bn), which saw a yearly 59.69% surge. It witnessed a 25.58% expansion in transactions to 202,617 until August 31, 2018.
Dlala Brokerage, a conventional broking business arm of Dlala Holding, accounted for 10.18% of trade turnover (QR11.09bn), which shrank 41.91% y-o-y during January-August 2018. The deals were down 11.02% to 91,357 as on August 31, 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 scheme that can be carried out by the financial services firms.
Qatar Securities accounted for 9.22% of trade turnover (QR10.04bn), which saw a 91.24% expansion on a yearly basis. Its transactions also shot up 74.46% to 128,026 at the end of August 31, 2018.
Al-Ahli Brokerage, a subsidiary of Ahli Bank, saw its trade turnover gain 79.55% to QR8.87bn, cornering a market share of 8.14% during January-August 2018. It registered a 52.47% surge in deals to 109,574 during the review period.
Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 2.47% of trade turnover (QR2.69bn), which was down 25.07% y-o-y in January-August 2018. Through it, there were a total of 32,304 transactions until August 31, 2018, which reported 30.15% yearly decline.
The Gulf Investments Group’s share stood at 2.55% of trading turnover (QR2.78bn), which shrank 21.02% y-o-y in the review period. There were a total of 33,480 transactions through it during January-August 2018, representing 17.07% yearly fall.
International Securities constituted 2.41% of trading turnover (QR2.63bn), which contracted 29.68% y-o-y in eight months ended this August. The deals through it were down 1.98% annually to 40,198 at the end of August 31, 2018.
Islamic Securities’ market share was 1.23% of trade turnover (QR1.34bn), plummeting 58.39% y-o-y in the review period. The deals through the brokerage shrank 20.17% to 25,497 at the end of August 31, 2018.
