QNBFS, Group Securities at the top of QSE brokerage activities

(MENAFN – Gulf Times) Group Securities and QNB Financial Services continued to dominate brokerage business, as they together contributed around 69% of total revenue to the Qatar Stock Exchange in the first six months of this year , according to stock exchange data. .
The Group Securities, a conventional brokerage firm, saw a sharp increase in its share of QSE transaction revenue, with volumes and transactions through QSE increasing significantly during the review period.
The share of Group Securities stood at 47% over the period January-June 2021 compared to 34% a year ago. Its revenue more than doubled year on year to reach QR 56.56 billion at the end of June 2021. Transactions through it soared 59.98% to 1.28 million and volumes increased 66% from 35.54 million at the end of June 30, 2021.
QNB’s subsidiary QNBFS’s trading revenue was QR 21.31 billion, representing 21.93% of total trade value in the first six months of 2021, up from 26 , 51% a year ago. Sales grew 23.84% year-on-year, with transactions passing 25.23% to 517,011 and volumes by 18.26% to 5.57 million as of June 30, 2021.
CBQIS, the securities brokerage arm of Commercial Bank, accounted for 9.16% of commercial turnover between January and June 2021, compared to 12.84% in the corresponding period of 2020. The turnover The brokerage’s trading grew 6.78% annually to QR 11.02 billion, while transactions declined. 1.72% to 298,232 despite a 22.81% jump in volume to 2.8 million shares during the reporting period.
CBQIS launched its margin trading product at the start of this year, becoming the first bank brokerage subsidiary in Qatar to launch such a product.
The Qatar Financial Markets Authority has approved Group Securities and CBQIS as liquidity providers, while saying more licenses are pending. In May 2013, the financial market regulator approved the liquidity provision system that can be implemented by financial services companies.
Qatar Securities represented 7.77% of transaction revenue in January-June 2021, up from 8.36% the previous year. The broker’s revenue climbed 38.99% year-on-year to reach QR 9.34 billion. Transactions through it declined 8.59% to 152,600 despite an 8% jump in volume to 2.7 million shares at the end of June 30, 2021.
Dlala Brokerage, a trading arm of Dlala Holding, accounted for 7.4% of trading revenue (QR 8.9 billion), which increased 23.78% year-on-year in January-June 2021. Share of the brokerage was 8.95% the year before. .
Transactions through it decreased 1.86% on an annual basis to 129,538 against a backdrop of an 87.91% increase in volume to 4.7 million shares at the end of June 30, 2021.
Wasata Financial Securities’ share represented 2.79% of transaction turnover during the reporting period, compared to 3.29% a year ago. Its commercial revenue increased by 26.79% on an annual basis to reach QR 3.36 billion. Thanks to him, total trades climbed 25.33% to 56,848, but volumes fell 34.43% to 1.6 million shares.
Gulf Investments Group’s share was 1.92% of transaction revenue (QR 2.31 billion), which increased 17.86% year-on-year in January-June 2021. There is Had a total of 35,224 transactions through it during the review period, representing an Annual Increase of 0.09% against the backdrop of 32.26% expansion in volumes to 1.24 million inventories.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its revenue contract 15.81% to QR 2.45 billion, capturing a market share of 2.04% in January-June 2021 against 3.61% a year ago. It recorded a contraction of 31.65% and 22.55% in transactions and volumes respectively to 44,560 and 0.62 million shares during the period under review.


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