A teenager has been charged and another will be summonsed after a group of youths allegedly fought with knives in the city.

About 7pm on Saturday, police received multiple reports of a group of youths fighting on City Walk, where a knife was allegedly brandished.

Police attended a short time later and saw two girls and two boys getting into a vehicle, with one of the youths bleeding. The vehicle was stopped and searched.

During the search, police say they located two knives in one backpack, and cannabis, clip-seal bags and scales in another.

CCTV from the area allegedly shows one of the youths, a 16-year-old boy, carrying one of the knives during the incident. He was arrested and charged with possessing an offensive weapon with intent, possessing a prohibited weapon and committing an act to cause public alarm.

A second 16-year-old boy was also arrested and will be summonsed to face court at a later date for drug-related offences.

The incident follows another incident in Civic on March 27, where teenagers allegedly armed with knives were involved in a confrontation at the Canberra Centre.

Anyone who witnessed the latest incident is urged to contact police via the  Crime Stoppers ACT website or on 1800 333000.

News all day, every day at CityNewsQBN.com.au.