The brokerage subsidiaries of QNB and Commercial Bank witnessed more than doubling of its share trade turnover year-on-year during the first four months of this year, according to Qatar Stock Exchange data.
The Group Securities, QNB Financial Services and CBQIS together accounted for more than 80% of the share trade turnover of the brokerages on the QSE during the review period.
The Group Securities’ share stood at 40.44% in January-April 2022 compared to 45.65% the previous-year period. Its trading turnover surged 38.27% year-on-year to QR53.18bn. The transactions through it expanded 20.89% to 1.06mn even as volumes shrank 5.97% to 23.14mn equities at the end of April 30.
QNB subsidiary QNBFS' trade turnover amounted to QR37.24bn, which constituted 28.31% of the total traded value during January-April against 21.59% in the year-ago period. The turnover more than doubled year-on-year as volumes zoomed 28.98% to 5.43mn stocks on more-than- doubled transactions to 934,920 in the review period.
CBQIS, the stock broking arm of Commercial Bank, accounted for 11.88% of trade turnover compared to 9.11% during January-March 2021. The brokerage house's trade turnover more than doubled year-on-year to QR15.63bn as volumes shot up 77.29% to 3.67mn shares and deals by 63.98% to 325,599 in the review period.
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 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 8.28% of trade turnover during January-April 2022 compared to 8.02% in the previous-year period. The brokerage's trading turnover surged 61.33% year-on-year to QR10.89bn although volumes through it fell 10.58% to 1.86mn equities despite 68.99% higher transactions at 183,518 at the end of April 2022.
Wasata Financial Securities' share was 4.92% of trading turnover during January-April compared to 2.68% in the comparable period of 2021. Its trade turnover almost tripled year-on-year to QR6.47bn as volumes zoomed 76.11% to 1.99mn shares and transactions more than doubled to 84,599 at the end of April 30, 2022.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 4.05% of trade turnover (QR5.33bn), which declined 8.5% year-on-year. The brokerage’s share was 8.18% in the previous-year period. The deals through it shrank 3.25% on a yearly basis to 90,427 and volumes by 53.33% to 1.75mn stocks at the end of April 30, 2022.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover expand 46.32% year-on-year to QR2.78bn, cornering a market share of 2.11% during January-April 2022 compared to 2.25% in the year-ago period. The volumes handled by the banking subsidiary were down 3.85% to 0.5mn equities even as deals through it grew 21.27% to 41,874 during the review period.