18/05/2014 05:49 AST
The Group Securities retained the top position in terms of brokerage business year-to-date (YTD) in April; even as both conventional and bank’s brokerage business presented a mixed picture.
The Group Securities accounted for 32.03% of trading value (QR43.26bn) YTD in April against 29.26% the year-ago period. The entity had undertaken 722,744 transactions YTD in April 2014.
The Qatar Financial Market Authority had earlier approved the Group Securities as one of the liquidity providers, while saying other licences are on the pipeline.
QNB Financial Services, the brokerage arm of QNB, accounted for 16.88% of stocks trading value (QR22.79bn) YTD in April against 11.59% the comparable period of 2013. Through it, there were a total of 142,996 deals YTD in April 2014.
Dlala Brokerage, a traditional conventional stock broking business arm of Dlala Holding, accounted for 10.62% of trading value (QR14.35bn) compared to 10.74% the year-ago period. It had undertaken a total of 113,996 transactions YTD in April 2014.
Qatar Securities’ share was 10.01% of trading value (QR13.52bn) against 12.51% the previous-year period. Through it, there were a total of 122,534 deals YTD in April 2014.
International Securities constituted 9.05% of trading value (QR12.23bn) against 7.52% the comparable period of 2013. There were a total of 91,542 transactions YTD in April 2014.
The Gulf Investments Group’s share stood at 7.68% of trading value (QR10.38bn) YTD in April against 11.12% the previous year period. It had undertaken a total of 80,512 deals YTD in April 2014.
Islamic Securities’ market share was 4.24% of trading value (QR5.73bn) compared to 5.18 in the previous-year period. The brokerage outfit had undertaken 69,458 transactions YTD in April 2014.
Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 3.3% of trading value (QR4.46bn) against 2.75% the comparable period of 2013. Through it, there were a total of 54,876 deals YTD in April 2014.
Commercial Bank Investment Service, the stock broking arm of Commercial Bank, accounted for 4.5% of trading value (QR6.07bn) compared to 7.39% the previous-year period. It had undertaken 30,848 transactions YTD April 2014.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its market share fall to 1.19% of trading value (QR1.61bn) against 1.36% the year-ago period. Through it, there were a total of 12,740 deals YTD in April 2014.
Al Rayan Financial Brokerage, a stock broking unit of Masraf Al Rayan, accounted for 0.5% of trading value (QR674.34mn) compared to 0.57% the previous year period. Through it there were a total of 6,762 transactions YTD in April 2014.
Gulf Times
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