In the first five months of 2021, the brokerage business of Qatar was dominated by the Group Securities and QNB Financial Services (QNBFC) by contributing over 68 percent of the total trade turnover on the Qatar Stock Exchange (QSE), bourse data shows.
The Group Securities, a conventional brokerage firm, witnessed a strong surge in its share in trade turnover on the domestic bourse as volumes and transactions through it increased substantially in the period.
During January-May 2021, the Group Securities’ share stood at 46.46 percent compared to 31.6 percent a year-ago period. Its trading turnover more than doubled year-on-year to $13.14 billion at the end of May 2021. The transactions through it almost doubled to 1.07 million and volumes also doubled to 30.53 million at the end of May 31, 2021.
The QNBFS’ trade turnover amounted to $6.16 billion, which constituted 21.79 percent of the total traded value in the first five months of 2021 against 28.02 percent during the year-ago period. The turnover increased 26.87 percent year-on-year as transactions through it grew 30.25 percent to 434,147 and volumes by 34.25 percent to 4.9 million at the end of May 31, 2021.
The stockbroking arm of Commercial Bank accounted for 9.05 percent of trade turnover compared to 13.41 percent in the corresponding period of last year. The brokerage’s trade turnover saw a 10.05 percent yearly increase to $2.56 billion, while transactions shrank 1.57 percent to 244,237 despite a 31.72 percent jump in volume to 2.45 million shares in the review period.
The Qatar Financial Market Authority had approved the Group Securities and Commercial Bank’s brokerage subsidiary 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 7.87 percent of trade turnover in January-May 2021 compared to 8.36 percent in the previous year period. The broker’s trading turnover soared 53.41 percent year on year to $2.2 billion. The deals through it were down 9.09 percent to 130,479 despite a 35.96 percent increase in volume to 2.42 million stocks at the end of May 31, 2021.
The stockbroking business division of Dlala Holding, Dlala Brokerage, accounted for 7.76 percent of trade turnover ($2.19 billion), which rose 43.19 percent year-on-year in January-May 2021. The brokerage’s share was 8.84 percent in the previous year period.
Wasata Financial Securities’ share was 2.71 percent of trading turnover in the review period compared to 3.06 percent year-ago period. Its trade turnover rose 44.56 percent on a yearly basis. The Gulf Investments Group’s share stood at 2.24 percent of trading turnover, which surged 57.53 percent year-on-year in January-May 2021.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 19.41 percent, cornering a market share of 2.14 percent in January-May 2021 compared to 4.32 percent a year-ago period.