Commercial banks' brokerage businesses displayed a robust performance compared with that of the conventional entities during 2018, indicating the increased contribution to the non-interest earnings of the lenders, according to the Qatar Stock Exchange data.
The commercial banks' broking outfits collectively constituted about 54% of the total share trade turnover on the QSE in 2018.
QNB Financial Services (QNBFS), a QNB subsidiary, continued to maintain its lead among the nine brokerages in the QSE, accounting for 29.38% of the total share trade turnover during January-December last year.
On yearly basis, five of the nine brokerage entities reported gains in their trade turnover during 2018. Dlala Islamic was merged with Dlala Brokerage last year.
QNBFS’ trade turnover amounted to QR45.82bn during January-December 2018; almost doubling year-on-year (y-o-y). The transactions saw more than a 5% growth to 230,637 at the end of December 31, 2018.
The Group Securities’ share stood at 20.42%; its trading turnover expanded 36.33% y-o-y to QR31.86bn during January-December 2018. The deals through it grew 27.15% to 828,437 as on December 31, 2018.
CBQIS, the stock broking arm of Commercial Bank, accounted for 16.07% of trade turnover (QR25.06bn), which saw a yearly 58.71% surge. It witnessed a 36.18% expansion in transactions to 295,114 until December 31, 2018.
The Qatar Financial Market Authority had earlier approved the Group Securities and CBQIS as liquidity providers, while saying other licences were 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 10.32% of trade turnover (QR16.1bn), which more than doubled on yearly basis. The deals through it almost doubled to 229,168 at the end of 2018.
Dlala Brokerage, a conventional stock broking business arm of Dlala Holding, accounted for 9.28% of the trade turnover (QR14.38bn), which declined 46.64% y-o-y during January-December 2018. The deals were however up 3.27% to 146,959 as on December 31, 2018.
Al-Ahli Brokerage, a subsidiary of Ahlibank, saw its trade turnover gain 76.64% to QR12.63bn, cornering a market share of 8.1% during January-December 2018. It registered a 57.87% expansion in deals to 177,267 during the review period.
The Gulf Investments Group's share stood at 2.67% of trading turnover (QR4.17bn), which shrank 19.34% y-o-y in the review period. There were a total of 54,431 transactions through it during January-December 2018, representing 5.08% yearly rise.
International Securities constituted 2.48% of trading turnover (QR3.86bn), which contracted 16.99% y-o-y in the 12-month ended 2018. The deals through it, however, soared 12.41% annually to 65,640 at the end of December 31, 2018.
Islamic Securities’ market share was 1.35% of trade turnover (QR2.1bn), plummeting 42.31% y-o-y in the review period. The deals through the brokerage grew 3.29% to 42,378 at the end of December 31, 2018.
QNB Financial Services (QNBFS), a QNB subsidiary, continued to maintain its lead among the nine brokerages in the QSE, accounting for 29.38% of the total share trade turnover during January-December last year.
On yearly basis, five of the nine brokerage entities reported gains in their trade turnover during 2018. Dlala Islamic was merged with Dlala Brokerage last year.
QNBFS’ trade turnover amounted to QR45.82bn during January-December 2018; almost doubling year-on-year (y-o-y). The transactions saw more than a 5% growth to 230,637 at the end of December 31, 2018.
The Group Securities’ share stood at 20.42%; its trading turnover expanded 36.33% y-o-y to QR31.86bn during January-December 2018. The deals through it grew 27.15% to 828,437 as on December 31, 2018.
CBQIS, the stock broking arm of Commercial Bank, accounted for 16.07% of trade turnover (QR25.06bn), which saw a yearly 58.71% surge. It witnessed a 36.18% expansion in transactions to 295,114 until December 31, 2018.
The Qatar Financial Market Authority had earlier approved the Group Securities and CBQIS as liquidity providers, while saying other licences were 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 10.32% of trade turnover (QR16.1bn), which more than doubled on yearly basis. The deals through it almost doubled to 229,168 at the end of 2018.
Dlala Brokerage, a conventional stock broking business arm of Dlala Holding, accounted for 9.28% of the trade turnover (QR14.38bn), which declined 46.64% y-o-y during January-December 2018. The deals were however up 3.27% to 146,959 as on December 31, 2018.
Al-Ahli Brokerage, a subsidiary of Ahlibank, saw its trade turnover gain 76.64% to QR12.63bn, cornering a market share of 8.1% during January-December 2018. It registered a 57.87% expansion in deals to 177,267 during the review period.
The Gulf Investments Group's share stood at 2.67% of trading turnover (QR4.17bn), which shrank 19.34% y-o-y in the review period. There were a total of 54,431 transactions through it during January-December 2018, representing 5.08% yearly rise.
International Securities constituted 2.48% of trading turnover (QR3.86bn), which contracted 16.99% y-o-y in the 12-month ended 2018. The deals through it, however, soared 12.41% annually to 65,640 at the end of December 31, 2018.
Islamic Securities’ market share was 1.35% of trade turnover (QR2.1bn), plummeting 42.31% y-o-y in the review period. The deals through the brokerage grew 3.29% to 42,378 at the end of December 31, 2018.
