10 brokerage firms account for 79% of the Dubai market –...

10 brokerage firms account for 79% of the Dubai market –...
10 brokerage firms account for 79% of the Dubai market –...

Of the 30 companies operating in the Financial Market, 10 brokerage firms accounted for 79%, or the equivalent of 5.22 billion dirhams, of total corporate transactions last October, which amounted to about 6.61 billion dirhams. EFG Hermes topped the list with a share of about 1.07 billion dirhams, equivalent to 16.23%, and BH Mubasher Financial Services came in second place with about 759.1 million dirhams, or 11.48% of the total trading value in the market.

forefront

Abu Dhabi Islamic Securities ranked third at 755.26 million dirhams, or 11.43%, followed by Al Ramz Capital, at 659.2 million dirhams, 9.97%, then Arqaam Securities, at 528.18 million dirhams, 7.99%, and then Abu Dhabi First Securities. With a value of 415.56 million dirhams, or 6.29%, then Emirates NBD with a value of 340.1 million dirhams, or 5.15%, followed by Dubai Islamic Financial Services, with a share of 265.3 million dirhams, or 4.01%. In ninth place came «MENA Corp for Financial Services» with a value of 220.3 million dirhams or 3.33%, then «Abu Dhabi Commercial Securities» about 208.8 million dirhams or 3.16%, then «SICO Financial Brokerage» with a value of 180.07 million dirhams or 2.72%, followed by «guarantee Securities »by about 167.8 million dirhams, or the equivalent of 2.54%, then« Shuaa Securities »with a share of 2.21% equivalent to 145.8 million dirhams.

Servings

The share of Sharjah Islamic Financial Services Company amounted to about 2.01%, equivalent to 132.59 million dirhams, then «Finance House Securities» by about 105.5 million dirhams with a share of 1.6% and «Al-Mashreq Securities» by 1.56% equivalent to 102.9 million dirhams, followed by «Ansari Financial Services» With a share of 1.42%, or 93.9 million dirhams, and Emirates Islamic Financial Brokerage, about 1.36%, or the equivalent of 90 million.

Less servings

Seven companies came with shares of less than 0.25%, which are “World Investments Group” by 0.24%, “RMZM” 0.23%, “Aldar for Shares and Bonds” 0.23%, “Al Wathba Shares and Bonds” 0.22% and “BHMM” 0.18%, “Al Burouj Securities” 0.06%, and “Equity Stock and Bonds” 0.04%. HSBC’s share reached 0.85% with a value of 55.8 million, then “Shurooq for Shares and Bonds” with a share of 0.84%, equivalent to 55.4 million, followed by “Dubai Commercial Financial Services” by 0.8% or 53.07 million, and then “Sahel Equity Center” by about 52.26 1 million, or 0.79%.


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