The Group Securities, QNB Financial Services, a subsidiary of QNB, and Commercial Bank Financial Services together accounted for about 83% of the share trade turnover of the brokerages in the Qatar Stock Exchange during the first nine months of this year.
The Commercial Bank's brokerage subsidiary as well as Wasata Financial Services saw more than doubling of their share trade turnover year-on-year during January-September 2022, according to the Qatar Stock Exchange data.
The Group Securities’ share stood at 37.74% in January-September 2022 compared to 46.32% the previous year period. Its trading turnover surged 27.57% year-on-year to QR102.69bn. The transactions through it expanded 25.41% on an annualised basis to 2.32mn even as volumes fell 9.43% to 44.56mn equities at the end of September 30, 2022.
The QNB subsidiary QNBFS' trade turnover amounted to QR87.64bn, which constituted 32.21% of the total traded value during January-September 2022 against 26.99% a year-ago period. The turnover zoomed 86.47% year-on-year as volumes zoomed 54.35% to 12.07mn stocks on more than tripled transactions to 2.35mn in the review period.
The Commercial Bank Financial Services accounted for 12.75% of trade turnover compared to 8.72% during January-September 2021. The brokerage house's trade turnover more than doubled year-on-year to QR34.68bn as volumes almost doubled to 7.46mn shares and deals almost doubled to 0.91mn in the review period.
The Commercial Bank Financial Services 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 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 7.2% of trade turnover during January-September 2022 compared to 7.17% the previous year period. The brokerage's trading turnover surged 57.22% year-on-year to QR19.59bn although volumes through it fell 6.45% to 3.19mn equities despite 77.27% surge in transactions to 0.39mn at the end of September 2022.
Wasata Financial Securities' share was 3.91% of trading turnover during January-September compared to 2.73% in the comparable period of 2021. Its trade turnover more than doubled year-on-year to QR10.65bn as volumes zoomed 47.91% to 3.18mn shares and transactions more than doubled to 0.17mn at the end of September 30, 2022.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 4.24% of trade turnover (QR11.54bn), which grew 3.41% year-on-year. The brokerage’s share was 6.42% the previous year period. The deals through it expanded 23.53% on a yearly basis to 0.21mn but volumes shrank 37.85% to 3.58mn stocks at the end of September 2022.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover expand 86.01% on an annualised basis to QR5.32bn, cornering a market share of 1.95% during the first nine months of 2022 compared to 1.65% a year ago period. The volumes handled by the banking subsidiary shot up 42.11% to 1.08mn equities and deals through it more than doubled to 0.11mn during the review period.
The Commercial Bank's brokerage subsidiary as well as Wasata Financial Services saw more than doubling of their share trade turnover year-on-year during January-September 2022, according to the Qatar Stock Exchange data.
The Group Securities’ share stood at 37.74% in January-September 2022 compared to 46.32% the previous year period. Its trading turnover surged 27.57% year-on-year to QR102.69bn. The transactions through it expanded 25.41% on an annualised basis to 2.32mn even as volumes fell 9.43% to 44.56mn equities at the end of September 30, 2022.
The QNB subsidiary QNBFS' trade turnover amounted to QR87.64bn, which constituted 32.21% of the total traded value during January-September 2022 against 26.99% a year-ago period. The turnover zoomed 86.47% year-on-year as volumes zoomed 54.35% to 12.07mn stocks on more than tripled transactions to 2.35mn in the review period.
The Commercial Bank Financial Services accounted for 12.75% of trade turnover compared to 8.72% during January-September 2021. The brokerage house's trade turnover more than doubled year-on-year to QR34.68bn as volumes almost doubled to 7.46mn shares and deals almost doubled to 0.91mn in the review period.
The Commercial Bank Financial Services 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 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 7.2% of trade turnover during January-September 2022 compared to 7.17% the previous year period. The brokerage's trading turnover surged 57.22% year-on-year to QR19.59bn although volumes through it fell 6.45% to 3.19mn equities despite 77.27% surge in transactions to 0.39mn at the end of September 2022.
Wasata Financial Securities' share was 3.91% of trading turnover during January-September compared to 2.73% in the comparable period of 2021. Its trade turnover more than doubled year-on-year to QR10.65bn as volumes zoomed 47.91% to 3.18mn shares and transactions more than doubled to 0.17mn at the end of September 30, 2022.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 4.24% of trade turnover (QR11.54bn), which grew 3.41% year-on-year. The brokerage’s share was 6.42% the previous year period. The deals through it expanded 23.53% on a yearly basis to 0.21mn but volumes shrank 37.85% to 3.58mn stocks at the end of September 2022.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover expand 86.01% on an annualised basis to QR5.32bn, cornering a market share of 1.95% during the first nine months of 2022 compared to 1.65% a year ago period. The volumes handled by the banking subsidiary shot up 42.11% to 1.08mn equities and deals through it more than doubled to 0.11mn during the review period.