Al Ramz Securities tops Dubai trading
Dubai, March 10, 2012
Al Ramz Securities, one of the UAE’s leading brokerage houses, said it has topped trading in the Dubai Financial Market (DFM) at Dh1.36 billion ($370.2 million) in February..
This marks the second consecutive month this year that Al Ramz has ranked first in DFM trading, the company said in a statement.
The firm finished a strong third in the Abu Dhabi Securities Exchange (ADX), logging Dh637.7 million in total trade for the month.
All in all, Al Ramz traded a combined Dh1.99 billion at the ADX and DFM to account for 8.58 per cent of the Dh23.3 billion traded in both markets and finish with the second highest activity for the period.
For the past two years, Al Ramz has been able to successfully enhance its manpower, qualifications, processes and customer base despite the global market downturn. The solid performance reflects the firm’s preparedness to capitalize on market improvements and its ability to sustain its strategic position in the UAE’s resilient securities sector.
“We operate within one of the region’s most dynamic economies so we have been continuously enhancing our capabilities to keep pace with market movements and meet the demands of our clients. We commend our hard-working team for this latest achievement and look forward to yet another strong year ahead,” said Mohammad Al Mortada Al Dandashi, the managing director, Al Ramz Securities.
Al Ramz is a member of the Abu Dhabi Securities Exchange (ADX), the Dubai Financial Market (DFM) and Nasdaq Dubai. It consistently ranks among the top brokerages on ADX and DFM.
The Abu Dhabi-based company provides retail and institutional services via branches in Abu Dhabi, Al Ain and Dubai.
Al Ramz is the first locally-based brokerage company licensed by the Emirates Securities and Commodities Authority to provide advisory services for customers. It was recently authorized to trade outside of the UAE.-TradeArabia News Service