Wasata Financial sees considerable improvement in market share in trade turnover in January-March

Wasata Financial sees considerable improvement in market share in trade turnover in January-March

Wasata Financial Services was seen considerably gaining foothold in stock trading; even as The Group Securities, QNB Financial Services, and Commercial Bank Financial Services together constituted about 82% share trade turnover of the brokerages in the Qatar Stock Exchange during the first three months of this year

Wasata Financial Services was seen considerably gaining foothold in stock trading; even as The Group Securities, QNB Financial Services (QNBFS) and Commercial Bank Financial Services together constituted about 82% share trade turnover of the brokerages in the Qatar Stock Exchange (QSE) during the first three months of this year.Wasata Financial Securities and the QNBFS, which offer both market making and liquidity provisioning services, saw their share of trade turnover improve year-on-year during January-March 2024, according to the Qatar Stock Exchange data.The Group Securities’ share stood at 33.47% in January-March 2024 compared to 36.28% the previous year period. Its trading turnover was down 0.09% year-on-year to QR21.43bn. The transactions through it however rose 2.6% on an annualised basis to 0.74mn but on 6.18% lower volumes to 9.11mn shares at the end of March 31, 2024.The QNB subsidiary QNBFS' trade turnover amounted to QR23.66bn, which constituted 36.95% of the total traded value during January-March