13 Sep 2017 - 1:38

Dlala topper in brokerage businesses

By Satish Kanady / The Peninsula

The Dlala Brokerage has ranked topper in Qatar’s brokerage businesses during the month of August, after grabbing 37.47 percent of the total shares traded on Qatar Stock Exchange (QE). The brokerage company’s traded volume for the month was over 119 million; and the value stood at QR2.33bn.
The market leader, The Group Securities, ranked second in August with 35.02 percent of total traded shares. In terms of total number of transactions, The Group ranked top with 42,002 transactions , which represented 42.38 percent of the total transactions on QSE during the month of August.
This is against 9.67 percent of total transactions reported by Dlala Brokerage. The total traded volume of The Group was 111 million shares and the value stood at QR2.11bn. On cumulative basis, The Group brokerage company ranked top in terms of traded value with QR25.8bn (25.24 percent) in August, compared with Dlala Brokerage’s QR19bn (18.68 percent).
QNB Financial Services, the brokerage arm of QNB Group, ranked third position both in terms of volume and value. It’s total traded volume amounted to over 19 million shares (6.20 percent) with a combined value of QR710m (9.48 percent). On cumulative basis, QNBFS’ traded value stood at 20.42 percent in August.
According to QSE’s trading activity data for the month, CBQ Investment Services acquired 8.35 percent of trading value (QR625m) and 11.92 percent (QR12bn) on cumulative.
The brokerage firm’s total number of transactions for the month stood at 10,892 (10.99 percent).
Qatar Securities’ share during the month of August accounted for 8.21 percent (QR614m) of the total traded value .
The traded volume accounted for 5.6 percent (QR17m) of the total volume.
The brokerage company’s total number of transactions stood at 10,177 representing 10.27 percent of the total number of transactions in August. Meanwhile, in the periodic rebalancing act, Al Meera Consumer Goods Company, Qatar First Bank and Mazaya Qatar have entered the Qatar Stock Exchange’s (QSE) benchmark QE Index. Aamal and Qatar Insurance will be removed from the index. Qatar Islamic Insurance will join QE Al Rayan Islamic Index. Ahli Bank will be removed from QE All share Index and QE Banks and Financial Services Index.
Trading activities are expected to pick up in the coming sessions. Analysts at Al Masah Capital said trading activities will pick up in the coming sessions.
“A short trading week for most of the regional markets while investors’ absence because of holidays and the summer lull affected trading activities and volumes…As investors return from their vacations, trading activities and volumes should pick up”, they said in a note sent to The Peninsula.
Commodities have been on the rise this week, with crude oil showing a very positive performance over the week reaching a high of $54.4 9 per barrel, on the back of hurricane damage in the US while gold reaching a new high of $1,3499.22 per ounce as investors flocked to the safe haven, they said.