The Group Securities, a conventional brokerage firm, was seen substantially enhancing its share in the trade turnover on the Qatar Stock Exchange (QSE) in January this year, according to the bourse's data.
The Group Securities’ share stood at 41.91% at the end of January 2021, compared to 24.77% a year-ago period. Its trading turnover almost tripled year-on-year to QR8.71bn in January this year. The deals through it more than doubled to 205,925 as on January 31, 2021.
QNB subsidiary QNBFS' trade turnover amounted to QR5.06bn, which constituted 24.35% of the total traded value in January 2021 against 42.69% the year-ago period. The turnover declined 2.32% year-on-year despite more than tripled transactions through it to 95,468 at the end of January 31, 2021.
Qatar Securities accounted for 10.83% of trade turnover in January 2021 compared to 6.8% the previous year period. The broker’s trading turnover more than doubled year-on-year to QR2.25bn. Deals through it reported a 47.77% increase on a yearly basis to 31,042 at the end of January 31, 2021.
CBQIS, the stock broking arm of Commercial Bank, accounted for 7.85% of trade turnover compared to 6.57% in the corresponding period of 2020. The brokerage’s trade turnover saw more than doubling year-on-year to QR1.63bn in the review period. It witnessed a 43.6% expansion in transactions to 36,696 in the first month of 2021.
The CBQIS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product.
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.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 7.82% of trade turnover (QR1.63bn), which rose 68.04% year-on-year in January 2021. The brokerage’s share was 7.97% the previous year period. The deals through it increased 27.21% on a yearly basis to 20,768 as on January 31, 2021.
Wasata Financial Securities' share was 2.65% of trading turnover in January 2021 compared to 1.73% year-ago period. Its trade turnover saw more than doubling on a yearly basis to QR0.55bn. Through it, total transactions more than doubled to 9,625 in January 2021.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 43.48% to QR0.52bn, cornering a market share of 2.52% in January 2021 compared to 5.7% a year ago period. It registered 30.56% shrinkage in deals to 8,089 in the review period.
The Gulf Investments Group's share stood at 2.08% of trading turnover (QR0.43bn), which plummeted 65.21% year-on-year in January 2021. There were a total of 7,147 transactions through it this January, representing 26.29% yearly increase.
The Group Securities’ share stood at 41.91% at the end of January 2021, compared to 24.77% a year-ago period. Its trading turnover almost tripled year-on-year to QR8.71bn in January this year. The deals through it more than doubled to 205,925 as on January 31, 2021.
QNB subsidiary QNBFS' trade turnover amounted to QR5.06bn, which constituted 24.35% of the total traded value in January 2021 against 42.69% the year-ago period. The turnover declined 2.32% year-on-year despite more than tripled transactions through it to 95,468 at the end of January 31, 2021.
Qatar Securities accounted for 10.83% of trade turnover in January 2021 compared to 6.8% the previous year period. The broker’s trading turnover more than doubled year-on-year to QR2.25bn. Deals through it reported a 47.77% increase on a yearly basis to 31,042 at the end of January 31, 2021.
CBQIS, the stock broking arm of Commercial Bank, accounted for 7.85% of trade turnover compared to 6.57% in the corresponding period of 2020. The brokerage’s trade turnover saw more than doubling year-on-year to QR1.63bn in the review period. It witnessed a 43.6% expansion in transactions to 36,696 in the first month of 2021.
The CBQIS early this year launched its margin trading product, becoming the first bank brokerage subsidiary in Qatar to launch such a product.
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.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 7.82% of trade turnover (QR1.63bn), which rose 68.04% year-on-year in January 2021. The brokerage’s share was 7.97% the previous year period. The deals through it increased 27.21% on a yearly basis to 20,768 as on January 31, 2021.
Wasata Financial Securities' share was 2.65% of trading turnover in January 2021 compared to 1.73% year-ago period. Its trade turnover saw more than doubling on a yearly basis to QR0.55bn. Through it, total transactions more than doubled to 9,625 in January 2021.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 43.48% to QR0.52bn, cornering a market share of 2.52% in January 2021 compared to 5.7% a year ago period. It registered 30.56% shrinkage in deals to 8,089 in the review period.
The Gulf Investments Group's share stood at 2.08% of trading turnover (QR0.43bn), which plummeted 65.21% year-on-year in January 2021. There were a total of 7,147 transactions through it this January, representing 26.29% yearly increase.