The Group Securities and QNB Financial Services together accounted for more than 68% of the share trade turnover of the brokerages in the Qatar Stock Exchange (QSE) during the first quarter (Q1) of 2022.
The banks’ brokerage subsidiaries' share in the overall trade turnover expanded in the QSE during Q1, 2022.
The Group Securities’ share stood at 40.4% in January-March 2022 compared to 42.42% the previous year period. Its trading turnover surged 62.49% year-on-year to QR40.25bn during Q1-22. The transactions and volumes through it expanded 29.5% and 14.31% to 796,187 and 17.97mn equities at the end of March 31, 2022.
The QNB subsidiary QNBFS' trade turnover amounted to QR28.33bn, which constituted 28.44% of the total traded value during January-March 2022 against 23.65% a year-ago period. The turnover more than doubled year-on-year as volumes zoomed 33.01% to 4.11mn stocks on more than doubled transactions to 675,275 in the review period.
CBQIS, the stock broking arm of Commercial Bank, accounted for 11.54% of trade turnover compared to 9.7% during Q1-22. The brokerage house's trade turnover more than doubled year-on-year to QR11.5bn as volumes shot up 88.97% to 2.74mn shares and deals by 38.65% to 212,000 in the review period.
The CBQIS last 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 8.43% of trade turnover during January-March 2022 compared to 9.01% the previous year period. The brokerage's trading turnover grew 59.39% year-on-year to QR8.4bn although volumes through it were down 0.68% to 1.46mn equities despite 60.78% higher transactions at 135,575 at the end of March 2022.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 4.22% of trade turnover (QR4.2bn), which declined 8.5% year-on-year during Q1-2022. The brokerage’s share was 7.86% the previous year period. The deals through it rose 7.45% on a yearly basis to 70,690 despite 42.06% shrinkage in volumes to 1.35mn stocks at the end of March 31, 2022.
Wasata Financial Securities' share was 4.69% of trading turnover during January-March compared to 2.25% in the comparable period of 2021. Its trade turnover more than tripled year-on-year to QR4.68bn as volumes more than doubled to 1.5mn shares and transactions also more than doubled to 63,120 at the end of March 31, 2022.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover expanded 53.02% year-on-year to QR2.28bn, cornering a market share of 2.29% during January- March 2022 compared to 2.55% a year ago period. The volumes handled by the banking subsidiary were down 4.76% to 0.4mn equities even as deals through it grew 16.49% to 32,213 during the review period.
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