The brokerage subsidiary of Commercial Bank as well as Wasata Financial Services witnessed more than doubling of its share trade turnover year-on-year during the first eight months of this year, according to Qatar Stock Exchange data.
The Group Securities, QNB Financial Services and Commercial Bank Financial Services (CBFS) together accounted for more than 83% of the share trade turnover of the brokerages in the QSE during the review period.
The Group Securities’ share stood at 38.15% in January-August 2022 compared to 46.12% in the previous-year period. Its trading turnover surged 32.8% year-on-year to QR94.87bn. The transactions through it expanded 27.44% to 2.09mn even as volumes shrank 7.51% to 41.04mn equities at the end of August 30, 2022.
The QNB subsidiary QNBFS' trade turnover amounted to QR79.52bn, which constituted 31.98% of the total traded value during January-August 2022 against 27.05% a year-ago period. The turnover zoomed 89.74% year-on-year as volumes shot up 60.45% to 10.83mn stocks on more than tripled transactions to 2.07mn in the review period.
CBFS accounted for 12.53% of trade turnover compared to 8.59% during January-August 2021. The brokerage house's trade turnover more than doubled year-on-year to QR31.15bn as volumes also more than doubled to 6.78mn shares and deals more than doubled to 796,359 in the review period.
CBFS 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 Commercial Bank Financial Services as liquidity providers, while saying other licences 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 7.25% of trade turnover during January-August 2022 compared to 7.19% the previous year period. The brokerage's trading turnover surged 61.85% year-on-year to QR18.03bn although volumes through it fell 3.25% to 2.98mn equities despite almost doubled transactions to 190,172 at the end of August 2022.
Wasata Financial Securities' share was 3.98% of trading turnover during January-August compared to 2.62% in the comparable period of 2021. Its trade turnover more than doubled year-on-year to QR9.89bn as volumes zoomed 54.74% to 2.94mn shares and transactions more than doubled to 152,262 at the end of August 31, 2022.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 4.07% of trade turnover (QR10.12bn), which declined 2.03% year-on-year. The brokerage’s share was 6.66% the previous year period. The deals through it were up 0.48% on a yearly basis to 190,172 but volumes shrank 38.66% to 3.3mn stocks at the end of August 2022.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover expand 84.73% on an annualised basis to QR5.08bn, cornering a market share of 2.04% during January-August 2022 compared to 1.77% a year ago period. The volumes handled by the banking subsidiary shot up 40.28% to 1.01mn equities even as deals through it doubled to 100,211 during the review period.
The Group Securities, QNB Financial Services and Commercial Bank Financial Services (CBFS) together accounted for more than 83% of the share trade turnover of the brokerages in the QSE during the review period.
The Group Securities’ share stood at 38.15% in January-August 2022 compared to 46.12% in the previous-year period. Its trading turnover surged 32.8% year-on-year to QR94.87bn. The transactions through it expanded 27.44% to 2.09mn even as volumes shrank 7.51% to 41.04mn equities at the end of August 30, 2022.
The QNB subsidiary QNBFS' trade turnover amounted to QR79.52bn, which constituted 31.98% of the total traded value during January-August 2022 against 27.05% a year-ago period. The turnover zoomed 89.74% year-on-year as volumes shot up 60.45% to 10.83mn stocks on more than tripled transactions to 2.07mn in the review period.
CBFS accounted for 12.53% of trade turnover compared to 8.59% during January-August 2021. The brokerage house's trade turnover more than doubled year-on-year to QR31.15bn as volumes also more than doubled to 6.78mn shares and deals more than doubled to 796,359 in the review period.
CBFS 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 Commercial Bank Financial Services as liquidity providers, while saying other licences 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 7.25% of trade turnover during January-August 2022 compared to 7.19% the previous year period. The brokerage's trading turnover surged 61.85% year-on-year to QR18.03bn although volumes through it fell 3.25% to 2.98mn equities despite almost doubled transactions to 190,172 at the end of August 2022.
Wasata Financial Securities' share was 3.98% of trading turnover during January-August compared to 2.62% in the comparable period of 2021. Its trade turnover more than doubled year-on-year to QR9.89bn as volumes zoomed 54.74% to 2.94mn shares and transactions more than doubled to 152,262 at the end of August 31, 2022.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 4.07% of trade turnover (QR10.12bn), which declined 2.03% year-on-year. The brokerage’s share was 6.66% the previous year period. The deals through it were up 0.48% on a yearly basis to 190,172 but volumes shrank 38.66% to 3.3mn stocks at the end of August 2022.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover expand 84.73% on an annualised basis to QR5.08bn, cornering a market share of 2.04% during January-August 2022 compared to 1.77% a year ago period. The volumes handled by the banking subsidiary shot up 40.28% to 1.01mn equities even as deals through it doubled to 100,211 during the review period.