As many as five out of the seven financial intermediaries in the Qatar Stock Exchange (QSE) witnessed growth in their share trade turnover during the first eight months of this year, according to bourse's data.
The Group Securities, a conventional brokerage firm, had substantially enhanced its share in the trade turnover on the QSE in January-August this year.
The Group's share stood at 46.12% at the end of August 2021 compared to 38.28% a year-ago period. Its trading turnover soared 49.58% year-on-year to QR71.4bn on an 18.57% increase in volume to 44.37mn shares and 28.72% in deals through it to 1.64mn during the first eight months of this year.
QNB subsidiary QNBFS' trade turnover amounted to QR41.91bn, which constituted 27.05% of the total traded value against 25.43% in the year-ago period. The turnover rose 32.08% year-on-year despite a 1.6% decline in volume to 6.75mn equities. Transactions through it shot up 27.63% to 666,889 at the end of August 31, 2021.
The Group Securities and QNBS together constituted more than 63% of the total trade turnover in January-August 2021.
The CBQIS, the stock broking arm of Commercial Bank, accounted for 8.59% of trade turnover compared to 10.61% in the corresponding period of 2020. The brokerage’s trade turnover was up by 0.45% year-on-year to QR13.3bn in the review period.
It witnessed a 7.07% expansion in volume to 3.33mn stocks amidst a 3.07% decline in transactions to 364,743 in the first eight months 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 were 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 7.19% of trade turnover in January-August 2021 compared to 10.61% the previous year period.
The broker’s trading turnover grew 14.37% year-on-year to QR11.14bn. Volumes shrank 23.78% to 3.08mn shares and deals through it by 11.02% to 190,790 at the end of review period.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 6.66% of trade turnover (QR10.33bn), which fell 8.01% year-on-year during January-August 2021. The brokerage’s share was 9% the previous year period.
The deals through it decreased 14.95% on a yearly basis to 157,073 even as the volume expanded 3.07% to 5.38mn equities at the end of August 31, 2021.
Wasata Financial Securities' share was 2.62% of trading turnover in January-August 2021 compared to 3.14% year-ago period. Its trade turnover saw a 3.84% growth on a yearly basis to QR4. 06bn. Total transactions through it shot up 5.54% to 71,064 although volumes plummeted 40.63% to 1.9mn stocks during the review period.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 27.25% year-on-year to QR2.75bn, cornering a market share of 1.77% at the end of August 2021 compared to 3.03% a year ago period.
It registered a 34.4% shrinkage in deals to 50,471 and volumes by 33.33% to 0.72mn equities in the review period.
The Group Securities, a conventional brokerage firm, had substantially enhanced its share in the trade turnover on the QSE in January-August this year.
The Group's share stood at 46.12% at the end of August 2021 compared to 38.28% a year-ago period. Its trading turnover soared 49.58% year-on-year to QR71.4bn on an 18.57% increase in volume to 44.37mn shares and 28.72% in deals through it to 1.64mn during the first eight months of this year.
QNB subsidiary QNBFS' trade turnover amounted to QR41.91bn, which constituted 27.05% of the total traded value against 25.43% in the year-ago period. The turnover rose 32.08% year-on-year despite a 1.6% decline in volume to 6.75mn equities. Transactions through it shot up 27.63% to 666,889 at the end of August 31, 2021.
The Group Securities and QNBS together constituted more than 63% of the total trade turnover in January-August 2021.
The CBQIS, the stock broking arm of Commercial Bank, accounted for 8.59% of trade turnover compared to 10.61% in the corresponding period of 2020. The brokerage’s trade turnover was up by 0.45% year-on-year to QR13.3bn in the review period.
It witnessed a 7.07% expansion in volume to 3.33mn stocks amidst a 3.07% decline in transactions to 364,743 in the first eight months 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 were 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 7.19% of trade turnover in January-August 2021 compared to 10.61% the previous year period.
The broker’s trading turnover grew 14.37% year-on-year to QR11.14bn. Volumes shrank 23.78% to 3.08mn shares and deals through it by 11.02% to 190,790 at the end of review period.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 6.66% of trade turnover (QR10.33bn), which fell 8.01% year-on-year during January-August 2021. The brokerage’s share was 9% the previous year period.
The deals through it decreased 14.95% on a yearly basis to 157,073 even as the volume expanded 3.07% to 5.38mn equities at the end of August 31, 2021.
Wasata Financial Securities' share was 2.62% of trading turnover in January-August 2021 compared to 3.14% year-ago period. Its trade turnover saw a 3.84% growth on a yearly basis to QR4. 06bn. Total transactions through it shot up 5.54% to 71,064 although volumes plummeted 40.63% to 1.9mn stocks during the review period.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 27.25% year-on-year to QR2.75bn, cornering a market share of 1.77% at the end of August 2021 compared to 3.03% a year ago period.
It registered a 34.4% shrinkage in deals to 50,471 and volumes by 33.33% to 0.72mn equities in the review period.