The Group Securities and QNB Financial Services were seen dominating the brokerage business as they together contributed more than 68% of the total trade turnover on the Qatar Stock Exchange in the first five months of this year, according to the bourse's data.
The Group Securities, a conventional brokerage firm, witnessed a robust jump in its share in trade turnover on the domestic bourse as volumes and transactions through it rose substantially in the review period.
The Group Securities’ share stood at 46.46% during January-May 2021, compared to 31.6% a year-ago period. It’s trading turnover more than doubled year-on-year to QR47.83bn at the end of May 2021. The transactions through it almost doubled to 1.07mn and volumes also almost doubled to 30.53mn at the end of May 31, 2021.
The QNB subsidiary QNBFS' trade turnover amounted to QR22.43bn, which constituted 21.79% of the total traded value in the first five months of 2021 against 28.02% the year-ago period. The turnover expanded 26.87% year-on-year as transactions through it grew 30.25% to 434,147 and volumes by 34.25% to 4.9mn at the end of May 31, 2021.
The stock broking arm of Commercial Bank accounted for 9.05% of trade turnover compared to 13.41% in the corresponding period of 2020. The brokerage’s trade turnover saw 10.05% yearly increase to QR9.31bn, while transactions shrank 1.57% to 244,237 despite 31.72% jump in volume to 2.45mn shares in the review period.
The intermediary had 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 Commercial Bank’s brokerage subsidiary 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.
Qatar Securities accounted for 7.87% of trade turnover in January-May 2021 compared to 8.36% the previous year period. The broker’s trading turnover soared 53.41% year-on-year to QR8.1bn. The deals through it were down 9.09% to 130,479 despite 35.96% increase in volume to 2.42mn stocks at the end of May 31, 2021.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 7.76% of trade turnover (QR7.99bn), which rose 43.19% year-on-year in January-May 2021. The brokerage’s share was 8.84% the previous year period.
The transactions through it gained 5.31% on a yearly basis to 112,524 amidst more than doubled volume to 4.29mn stocks as on May 31, 2021.
Wasata Financial Securities' share was 2.71% of trading turnover in the review period compared to 3.06% year-ago period. Its trade turnover rose 44.56% on a yearly basis to QR2.79bn. Through it, total transactions shot up 31.88% to 46,444 but volumes shrank 22.1% to 1.41mn equities.
The Gulf Investments Group's share stood at 2.24% of trading turnover (QR2.3bn), which surged 57.53% year-on-year in January-May 2021. There were a total of 35,113 transactions through it during the review period, showing 32.53% yearly jump on almost doubled volumes to 1.24mn shares.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 19.41% to QR2.2bn, cornering a market share of 2.14% in January-May 2021 compared to 4.32% a year ago period. It registered 33.1% and 20.55% shrinkage in transactions and volumes respectively to 39,519 and 0.58mn stocks in the review period.