Posted on January 13, 2019

CBFS, the stock broking arm of Commercial Bank, has ranked third in Qatar’s brokerage businesses, accounting for 16.07% of trade turnover (QAR 25.06 billion) on the Qatar Stock Exchange for 2018 – an increase of 58.71% compared to 2017 thanks to a 36.18% expansion in transactions to 295,114.

The figures were published by Qatar Stock Exchange’s Brokers Trading Activity Report for the month of December 2018. It also demonstrates CBFS’s its increasing importance within the brokerage sector, as it is now in third place, compared to fourth place last year.

Parvez Khan, EGM, Treasury and Investment, said: “News that we are now third in Qatar for brokerage services is a fantastic way to start the year. We have some exciting announcements to make in the coming months in transaction banking, and we believe we are well-poised for further growth this year.With Qatar’s economy growing, alongside the support provided to brokerage firms by the Qatar Stock Exchange and Qatar Financial Markets Authority, we believe we are well-poised for such growth.”