The Group Securities, a conventional brokerage house, largely enhanced its share in the trade turnover on the Qatar Stock Exchange (QSE) in January-October this year, according to the bourse’s data.
The banking brokerage subsidiaries were seen considerably losing their share in the first 10 months of this year, said the data from the Qatar Stock Exchange.
The Group Securities’ share stood at 39.97% at the end of October 2020 compared to 26.55% a year-ago period. It’s trading turnover more than doubled year-on-year to QR72.33bn in January-October this year. The deals through it soared 55% to 1.81mn as on October 31, 2020.
The QNB subsidiary QNBFS’ trade turnover gained 25.37% year-on-year to QR47.93bn, which constituted 26.49% of the total traded value in January-October against 30.23% the previous year period. The transactions through it more than doubled to 665,283 at the end of October 31, 2020.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 9.24% of trade turnover (QR16.71bn), which rose 83.83% year-on-year during January-October 2020. The brokerage’s share was 7.18% the previous year period. The deals through it increased 46.69% to 241,818 as on October 31, 2020.
CBQIS, the stock broking arm of Commercial Bank, accounted for 8.43% of trade turnover (QR15.25bn), which however saw a marginal yearly 1.29% fall. In the previous year period, its share in trade turnover was 12.22%. But it witnessed a 41.94% expansion in transactions to 435,208 until October 31, 2020.
The CBQIS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product.
Qatar Securities’ trade turnover saw a 13.09% year-on-year jump to QR13.22bn, which accounted for 7.31% of trade turnover (9.25% a year-ago period). The deals through it, however, declined 3.71% to 267,711 at the end of October 31, 2020.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 48.71% to QR5.15bn, cornering a market share of 2.84% during January-October 2020 (compared to 7.94% in January-October 2019). It registered 51.62% shrinkage in transactions to 90,204 during the review period.
The Gulf Investments Group’s share stood at 2.41% of trading turnover (QR4.36bn), which expanded 9% year-on-year in October 2020. There were a total of 72,286 transactions through it during January-October 2020, representing 13.4% yearly increase.
Wasata Financial Securities’ share was 3.31% of trading turnover (QR5.99bn). Through it, there were a total of 92,866 transactions during January-October 2020.
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.
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