First in Qatar; Dukhan Bank to let customers manage their stocks via mobile app

By Amirtha P S, Desk Reporter
  • Follow author on
Stock App
Representational Image

Qatar’s leading retail bank, Dukhan Bank has become the first bank in the country to offer its customers the opportunity to manage their stocks with The Group using its mobile banking application.

The Group Securities which is licensed by the Qatar Financial Markets Authority is an online trading platform, that enables customers to view real-time market data, place buy and sell stocks, evaluate their portfolio, and analyze the market at their fingertips and with utmost convenience.

The mobile application of the Dukhan Bank will offer the ‘My Stocks’ feature, under which customers can access their Group account to manage their portfolio. With this update, the bank aims to enter into digital banking by offering various services to customers through its mobile app.

Commenting on this new service, Dukhan Bank stated, “The integration of trading services through The Group Securities’ platform is in line with Dukhan Bank’s robust digital transformation which continues emphatically with a concrete focus on increasing the channels that our customers can use to meet their daily banking needs.”

Customers can link their group account with Dukhan Bank through a one-time registration, and speedily access their account with a single sign-in. The customers can transfer funds securely through their Dukhan Bank accounts to The Group and vice versa and trade on the Qatar Stock Exchange.

The Group Securities Company commented on integration by stating that, “It will allow investors wishing to trade on the Qatar Stock Exchange to access the platforms through Dukhan Bank. The service complies with the requirements of the Qatar Financial Markets Authority in terms of supervision and combating money laundering, ensuring client’s utmost safety when making financial transactions on the app.”

Related: Qatari fintech startup CWallet raises fund in Pre-Series A round