Qatar’s commercial banks improved their share in stock broking; even as conventional brokers maintain their lead year-to-date in July, according to Qatar Exchange data.

Commercialbank Investment Service accounted for 4.03% of stocks trading value (QR3.34bn) YTD (year-to-date) in July against mere 0.10% in the comparable period of 2011, as per the cumulative data for January-July. It had undertaken 27,065 transactions on a volume of 50.71mn shares.

QNB Financial Services accounted for 7.87% of stocks trading value (QR6.52bn) YTD in July compared to 0.68% in the year-ago period with a total of 48,216 deals and 167.17mn shares.

Al-Ahli Brokerage, a subsidiary of Ahlibank Qatar, saw its market share rise to 1.10% of stocks trading value (QR909.57mn) against a very negligible proportion in the previous year period. Through it, there were a total of 10,503 transactions and volume was 31.30mn shares.

Al Rayan Financial Brokerage, a unit of Masraf Al Rayan, accounted for 0.03% of stocks trading value (QR24.39mn) with a total of 314 deals and a volume of mere 0.65mn stocks.
The improved market share of commercial lenders not only indicated their growing non-interest earnings but also erosion of traditional brokerage houses’ business.

Group Securities, a traditional brokerage outfit, maintained its numero uno position accounting for 35.08% of stocks trading value (QR29.07bn) compared to 38.41% in the comparable period of 2011. The brokerage entity had undertaken 592,706 transactions with a volume of 1.13bn shares.

Dlala Brokerage, another traditional conventional stock broking business arm of Dlala Holding, cornered 13.80% of the stocks trading value (QR11.44bn) against 19.06% in the previous year period, accounting for a total of 196,606 deals and 407.24mn shares.

However, Gulf Investments Group, a conventional stock broker improved its market share, as it accounted for 11.88% of the stocks trading value (QR9.84bn) compared to 6.73% in the year-ago period. Through it, there were a total of 81,971 transactions and volume was 174.26mn shares.

Qatar Securities saw its market share plunge to 9.22% of the stocks trading value (QR7.65bn) against 16.94% in the previous year period. Through it, there were a total of 97,806 deals and volume was 205.02mn shares.

International Securities accounted for 6.61% of the stocks trading value (QR5.48bn) compared to 9.56% in the comparable period of 2011. The brokerage accounted for a total of 63,187 transactions and the volume was 155.30mn shares.

In the case of Islamic Securities, the market share improved to 7.32% of the stocks trading value (QR6.06bn) against 5% in the year-ago period. The brokerage had undertaken 78,179 deals and the volume was 223.87mn stocks.

Dlala-Islamic Brokerage, a Shariah-principled broking unit of Dlala Holding, cornered 3.07% of the stocks trading value (QR2.55bn) compared to 3.52% in the previous year period.
Through it, there were a total of 46,708 transactions and volume was 103.61mn shares.