Al Ramz ‘top broker for January’
Dubai, February 24, 2013
Al Ramz Securities, one of UAE’s leading brokerage houses, has posted a market-value trade of Dh2.17 billion ($0.59 billion) to emerge as the country’s top broker for the month of January.
The figure represents a solid 8.25 per cent of national securities exchange for the period, a statement from the company said.
The financial services company led trade at the Dubai Financial Market (DFM) at Dh1.38 billion to take a 7.97 per cent market share and was a strong third at the Abu Dhabi Securities Exchange (ADX) at Dh791.5 million to account for 8.79 per cent of local trade.
The exceptional performance carries over momentum from 2012, which saw Al Ramz consistently leading the ranking at DFM and ranking among the top three traders in ADX, the statement said.
Mohammad Al Mortada Al Dandashi, partner & managing director, Al Ramz, said: “This is a great start to a new year which we foresee will bring in big trading volumes as markets continue with their recovery from the recession-induced slump of the past few years. In the past few months we have seen stock market volatility steadily dissipate and there have been positive adjustments to the economic outlook which we believe will make market conditions ripe for a breakout 2013.”
“As always, we want to give our clients and our stakeholders their due, for their patronage and untiring support. We assure them of our continued devotion to achieve higher goals & provide a wider range of services.”
Al Ramz is the first locally-based brokerage licensed by the Emirates Securities and Commodities Authority to provide advisory services for customers and is authorised to provide brokerage services outside the country as well.
The company is intensifying efforts to expand its brokerage offerings as part of its expansion campaign across the Mena and global markets. – TradeArabia News Service
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