The Group Securities, QNBFS constitute 72% of share trade turnover of brokerages in QSE in January-September 2023

The Group Securities and QNBFS, the brokerage subsidiary of QNB, together constituted about 72% share trade turnover of the brokerages in the Qatar Stock Exchange (QSE) during the first nine months of this year.
The QNB and Commercial Bank's brokerage subsidiaries as well as that of Wasata Financial Securities saw their share of trade turnover improve year-on-year during January-September 2023, according to the Qatar Stock Exchange data.
The Group Securities’ share stood at 39.19% in January-July 2023 compared to 37.74% the previous year period. Its trading turnover tanked 26.52% year-on-year to QR75.46bn. The transactions through it however expanded 6.47% on an annualised basis to 2.47mn even as volumes fell 14.36% to 38.16mn shares at the end of September 30, 2023.
The QNB subsidiary QNBFS' trade turnover amounted to QR62.75bn, which constituted 32.59% of the total traded value during January-September 2023 against 32.21% a year-ago period. The turnover shrank 28.4% year-on-year, even as volumes rose 3.15% to 12.45mn equities but transactions fell 9.78% to 2.12mn in the review period.
The Commercial Bank Financial Services accounted for 13.14% of trade turnover compared to 12.75% during January-September 2023. The brokerage house's trade turnover plummeted 27.05% year-on-year to QR25.3bn as volumes were down 7.24% to 6.92mn stocks, whereas deals were flat at 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 bourse recently amended the list of securities eligible for market making, liquidity provision, margin trading, and covered short‐selling activities; making more companies eligible.
Wasata Financial Securities' share was 4.15% of trading turnover during January-September 2023 compared to 3.91% in the comparable period of 2022. Its trade turnover plunged 24.88% year-on-year to QR8bn as volumes shrank 8.18% to 2.92mn equities but deals soared 47.06% to 0.25mn at the end of September 2023.
Qatar Securities accounted for 6.49% of trade turnover during the first nine months of 2023 compared to 7.2% the previous year period. The brokerage's trading turnover dipped 36.24% year-on-year to QR12.49bn as volumes fell 11.29% to 2.83mn shares and transactions by 10.26% to 0.35mn at the end of September 2023.
Dlala Brokerage, a stock broking business arm of Dlala Holding, accounted for 3.4% of trade turnover (QR6.54bn), which tanked 43.33% year-on-year. The brokerage’s share was 4.24% the previous year period. The deals through it shrank 14.29 on a yearly basis to 0.18mn and volumes by 24.86% to 2.69mn stocks at the end of September 2023.
Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its trade turnover zoom 86.11% on an annualised basis to QR2.01bn, cornering a market share of 1.05% during the first nine months of 2023 compared to 1.95% a year ago period. The volumes handled by the banking subsidiary fell 53.7% to 0.5mn shares and deals through it by 45.45% to 0.06mn during the review period.