The Group Securities sees improved share in trade turnover in July 2023

The Group Securities, QNB Financial Services and Commercial Bank Financial Services together accounted for about 85% of the share trade turnover of the brokerages in the Qatar Stock Exchange during the first seven months of this year.
The QNB and Commercial Bank's brokerage subsidiaries saw their share trade turnover improve year-on-year during January-July 2023, according to the Qatar Stock Exchange data.
The Group Securities’ share stood at 39.43% in January-July 2023 compared to 37.93% the previous year period. Its trading turnover tanked 28.22% year-on-year to QR58.26bn. The transactions through it expanded 7.34% on an annualised basis to 1.9mn even as volumes fell 14.73% to 29.53mn shares at the end of July 31, 2023.
The QNB subsidiary QNBFS' trade turnover amounted to QR47.33bn, which constituted 32.03% of the total traded value during January-July 2023 against 32.16% a year-ago period. The turnover shrank 31.21% year-on-year as volumes fell 1.81% to 9.23mn equities and transactions by 10.06% to 1.61mn in the review period.
The Commercial Bank Financial Services accounted for 13.39% of trade turnover compared to 12.43% during January-July 2023. The brokerage house's trade turnover tanked 25.6% year-on-year to QR19.79bn as volumes lost 8.73% to 5.23mn stocks, even as deals shot up 22.73% to 0.71mn in the review period.
The Commercial Bank Financial Services was the first bank brokerage in the country to launch margin trading product.
The Qatar Financial Market Authority had approved the Group Securities and Commercial Bank Financial Services 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 7.02% of trade turnover during January-July 2023 compared to 7.41% the previous year period. The brokerage's trading turnover dipped 3.22% year-on-year to QR10.37bn as volumes fell 11.45% to 2.32mn shares and transactions by 6.67% to 0.28mn at the end of July 2023.
Wasata Financial Securities' share was 3.63% of trading turnover during January-July 2023 compared to 4.05% in the comparable period of 2022. Its trade turnover plummeted 38.06% year-on-year to QR5.37bn as volumes tanked 21.88% to 2mn equities but deals soared 30.77% to 0.17mn at the end of July 31, 2023.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 3.27% of trade turnover (QR4.83bn), which plunged 42.84% year-on-year. The brokerage’s share was 3.95% the previous year period. The deals through it shrank 12.5% on a yearly basis to 0.14mn and volumes by 25.72% to 2.05mn stocks at the end of July 2023.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover tank 58.6% on an annualised basis to QR1.83bn, cornering a market share of 1.24% during the first seven months of 2023 compared to 2.07% a year ago period. The volumes handled by the banking subsidiary declined 46.99% to 0.44mn shares and deals through it by 44.44% to 0.05mn during the review period.