Four out of the seven financial intermediaries in the Qatar Stock Exchange (QSE) witnessed growth in their share trade turnover during the first nine months of this year, according to bourse's data.
The Group Securities, a conventional brokerage firm, witnessed an enhanced share in the trade turnover on the QSE in January-September this year.
The Group Securities’ share stood at 46.32% at the end of September 2021 compared to 40.22% a year-ago period. Its trading turnover grew 30.55% year-on-year to QR80.5bn on 3.23% increase in volume to 49.2mn shares and 17.83% in deals through it to 1.85mn during the first nine months of this year.
QNB subsidiary QNBFS' trade turnover amounted to QR46.9bn, which constituted 26.99% of the total traded value against 24.17% the year-ago period. The turnover rose 26.59% year-on-year despite a 7.02% decline in volume to 7.82mn equities. Transactions through it shot up 27.7% to 776,123 at the end of September 30, 2021.
Both the Group Securities and QNBS together constituted more than 73% of the total trade turnover in January-September 2021.
The CBQIS, the stock broking arm of Commercial Bank, accounted for 8.72% of trade turnover compared to 9.34% in the corresponding period of 2020. The brokerage’s trade turnover expanded 5.79% year-on-year to QR15.16n in the review period.
The brokerage entity witnessed an 11.49% expansion in volume to 3.88mn stocks and 1.87% in transactions to 414,968 in the first nine 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 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 7.17% of trade turnover in January-September 2021 compared to 7.67% the previous year period.
The broker’s trading turnover grew 5.95% year-on-year to QR12.46bn amidst 30.83% plunge in volumes to 3.41mn shares and 10.7% in deals through it to 216,776 at the end of review period.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 6.42% of trade turnover (QR11.16bn), which fell 24.59% year-on-year during January-September 2021. The brokerage’s share was 9.65% the previous year period.
The deals through it decreased 21.2% on a yearly basis to 172,112 and the volume by 20.33% to 5.76mn equities at the end of September 30, 2021.
Wasata Financial Securities' share was 2.73% of trading turnover in January-September 2021 compared to 3.28% year-ago period. Its trade turnover saw 5.77% contraction on a yearly basis to QR4.74bn, volumes by 44.87% to 2.15mn stocks and transactions by 0.74% to 81,786 during the review period.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 27.23% year-on-year to QR2.86bn, cornering a market share of 1.65% at the end of September 2021 compared to 3.1% a year ago period.
It registered 19.78% shrinkage in deals to 52,809 and volumes by 63.64% to 0.76mn equities in the review period.