The conventional stock brokerage houses - The Group Securities and QNBFS (a subsidiary of QNB), together accounted for more than 56% of total share trade turnover on the Qatar Stock Exchange (QSE) in January-August 2019, according to the data collated from the bourse.
The QNB subsidiary topped the nine brokerage houses in the QSE, constituting almost one-third of the total share trade turnover during the first eight months of this year.
QNBFS’ trade turnover amounted to QR30.61bn during this January-August; gaining 7.22% year-on-year. The transactions saw a 54.47% surge to 238,363 at the end of August 31, 2019.
The Group Securities’ share stood at 26.7% as its trading turnover surged 28.19% year-on-year to QR27.51bn during January-August 2019. The deals through it soared 88.18% to 945,345 as on August 31, 2019.
CBQIS, the stock broking arm of Commercial Bank, accounted for 12.79% of trade turnover (QR13.18bn), which however saw a yearly 32.24% fall. But it witnessed a 19.84% growth in transactions to 242,826 until August 31, 2019.
Qatar Securities accounted for 9.36% of trade turnover (QR9.64bn), which saw a 3.98% slump on a yearly basis. The deals through it expanded 79.32% to 229,575 at the end of August 31, 2019.
Al-Ahli Brokerage, a subsidiary of Ahli Bank, saw its trade turnover shrink 11.72% to QR7.83bn, cornering a market share of 7.6% during January-August 2019. It registered a 27.69% growth in transactions to 139,917 during the review period.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 7.34% of trade turnover (QR7.56bn), which plummeted 31.83% year-on-year during January-August 2019. The deals through it increased 47.18% to 134,463 as on August 31, 2019.
The Qatar Financial Market Authority had approved the Group Securities and CBQIS as liquidity providers, while saying 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.
The Gulf Investments Group's share stood at 2.94% of trading turnover (QR3.03bn), which grew 8.99% year-on-year in the review period. There were a total of 49,582 transactions through it during January-August 2019, representing 48.09% yearly expansion.
International Securities constituted 2.02% of trading turnover (QR2.08bn), which contracted 20.91% year-on-year in the eight-month ended in August. The deals through it reported a 6.52% annual rise to 42,818 at the end of August 31, 2019.
Islamic Securities’ market share was 1.54% of trade turnover (QR1.59bn), growing 18.66% year-on-year in the review period. The deals by the brokerage shot up 55.25% to 39,585 until August 31, 2019.