The commercial banks' brokerage businesses accounted for more than 46% of the trade turnover on the Qatar Stock Exchange (QSE) in April this year, according to the bourse's data.
The QNB subsidiary QNBFS' trade turnover amounted to QR15.25bn, which constituted 29.99% of the total traded value in January-April; gaining 18.03% year-on-year. The transactions more than tripled to 268,413 at the end of April 30, 2020.
CBQFS, the stock broking arm of Commercial Bank, accounted for 11.45% of trade turnover (QR5.82bn), which however saw a yearly 6.88% decline. But it witnessed a 69.87% growth in transactions to 187,453 until April 30, 2020.
The CBFS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product.
Al-Ahli Brokerage, a subsidiary of Ahli Bank, saw its trade turnover shrink 37.56% to QR2.46bn, cornering a market share of 4.84% during January-April 2020. It registered a 21.59% shrinkage in transactions to 49,585 during the review period.
The Group Securities’ share stood at 30.48% and its trading turnover grew 5.8% year-on-year to QR15.5bn in the first four months of this year. The deals through it were down 3.45% to 483,566 as on April 30, 2020.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 9.35% of trade turnover (QR4.75bn), which rose 14.18% year-on-year during January-April 2020. The deals through it increased 31.2% to 90,578 as on April 30, 2019.
Qatar Securities accounted for 8.53% of trade turnover (QR4.34bn), which saw a 6.87% slump on a yearly basis. The deals through it however expanded 55.88% to 113,015 at the end of April 30, 2020.
Islamic Securities’ market share was 3.02% of trade turnover (QR1.53bn), growing 75.86% year-on-year in the review period. The deals by the brokerage shot up 36.67% to 27,977 until April 30, 2020.
The Gulf Investments Group's share stood at 2.34% of trading turnover (QR1.19bn), which shrank 32.39% year-on-year in the review period. There were a total of 20,823 transactions through it during January-April 2020, representing a 21.07% yearly shrinkage.
The Qatar Financial Market Authority had approved the Group Securities and CBQIS as liquidity providers, while saying other licenses 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.