The Group Securities, a conventional brokerage firm, witnessed a robust jump in its contribution in the total trade turnover on the Qatar Stock Exchange (QSE) as volumes and transactions through it rose substantially in January-March 2021, according to the bourse's data.
The Group Securities’ share stood at 42.42% during January-March 2021 compared to 27.67% a year-ago period. It’s trading turnover more than doubled year-on-year to QR24.77bn in the first quarter or Q1 of 2021. The transactions through it expanded 87.21% to 614,796 and volumes more than doubled to 15.7mn at the end of March 31, 2021.
The QNB subsidiary QNBFS' trade turnover amounted to QR13.81bn, which constituted 23.65% of the total traded value in the first three months of 2021 against 31.98% the year-ago period. The turnover expanded 13.29% year-on-year as transactions through it grew 60.36% to 274,301 and volumes by 47.14% to 3.09mn at the end of March 31, 2021.
CBFS, the stock broking arm of Commercial Bank, accounted for 9.7% of trade turnover compared to 11.41% in the corresponding period of 2020. The brokerage’s trade turnover saw 30% yearly increase to QR5.66bn, transactions by 14.84% to 152,899 and volume by 81.255 to 1.45mn shares in the review period. The CBFS has already rolled out 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 CBFS 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 9.01% of trade turnover in January-March 2021 compared to 8.83% the previous year period. The broker’s trading turnover soared 56.85% year-on-year to QR5.27bn. The deals and volume through it saw 9.51% and 63.33% to 84,324 and 1.47mn equities respectively at the end of March 31, 2021.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 7.86% of trade turnover (QR4.59bn), which rose 21.43% year-on-year in January-March 2021. The brokerage’s share was 9.91% the previous year period. The deals through it shrank 6.6% on a yearly basis to 65,791 amidst more than doubled deals to 2.33mn stocks as on March 31, 2021.
The Gulf Investments Group's share stood at 2.56% of trading turnover (QR1.5bn), which surged 57.89% year-on-year in January-March 2021. There were a total of 24,334 transactions through it during the review period, representing 67.14% yearly increase on more than doubled volumes to 0.81mn shares.
Wasata Financial Securities' share was 2.25% of trading turnover in Q1, 2021 compared to 2.11% year-ago period. Its trade turnover rose 63.75% on a yearly basis to QR1.31bn. Through it, total transactions shot up 51.64% to 25,465 and volumes by 90.63% to 0.61mn equities.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover shrink 30.37% to QR1.49bn, cornering a market share of 2.55% in January-March 2021 compared to 5.61% a year ago period. It registered 29.34% and 17.65% shrinkage in deals and volumes respectively to 27,652 and 0.42mn stocks in the review period.