The conventional brokerage houses were largely seen improving their share in the trade turnover on the Qatar Stock Exchange (QSE) in May this year, according to the bourse's data.
The Group Securities’ share stood at 31.68% at the end of May compared to 27.91% in the year-ago period. Its trading turnover grew 0.05% year-on-year to QR19.99bn in the first five months of this year. The deals through it were down 6.71% to 613,708 as on May 31, 2020.
Dlala Brokerage, a broking business arm of Dlala Holding, accounted for 8.84% of trade turnover (QR5.58bn), which rose 1.27% year-on-year during January-May 2020. The brokerage’s share was 7.69% in the previous-year period. The deals through it increased 16.92% to 106,855 as on May 31, 2020.
Qatar Securities accounted for 8.36% of trade turnover (QR5.28bn), which saw a 22.24% slump on a yearly basis. The deals through it, however, expanded 11.88% to 143,532 at the end of May 31, 2020.
Islamic Securities’ market share stood at 3.06% of the total trade turnover (QR1.93bn), growing 58.2% year-on-year in the review period. The brokerage’s share was 1.7% in the year-ago period. The deals through the brokerage shot up 25.41% to 35,218 until May 31, 2020.
The Gulf Investments Group's share stood at 2.73% of the trading turnover (QR1.46bn), which shrank 36.24% year-on-year in May 2020. There were a total of 26,494 transactions through it during January-May 2020, representing a 23.84% yearly shrinkage.
The QNB subsidiary, QNBFS' trade turnover amounted to QR17.68bn, which constituted 28.02% of the total traded value in January-May; declining 4.07% year-on-year. The transactions through it more than doubled to 333,330 at the end of May 31, 2020.
CBQFS, the stock broking arm of Commercial Bank, accounted for 13.41% of trade turnover (QR8.46bn), which saw a yearly 12.42% fall. But it witnessed a 57.4% expansion in transactions to 248,129 until May 31, 2020.
CBQFS 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 55.54% to QR2.73bn, cornering a market share of 4.32% during January-May 2020. It registered a 41.21% shrinkage in transactions to 59,068 during the review period.
The Qatar Financial Market Authority had approved the Group Securities and CBQFS as liquidity providers, while saying other licences are on the pipeline. In May 2013, the financial market regulator approved the liquidity provision scheme that can be carried out by the financial services firms.