ADFS tops in UAE markets share
Abu Dhabi , March 12, 2012
Abu Dhabi Financial Services (ADFS) has registered the highest market share in the securities markets all over the UAE capturing Dh2.46 billion ($669.7 million) in trading volumes.
The securities brokerages firm owned by the National Bank of Abu Dhabi, ADFS witnessed significant increase in volumes and investor interest and surpassed 8 per cent of the combined market share for the UAE year-to-date, said a senior official.
“The current investor sentiment backed by several factors including healthy dividends announcements have positively reflected on market traded value and ADFS performance. We continue to be fully committed from a long-term perspective to the UAE markets and to becoming a leading regional brokerage firm in the future,” said Aymen Samawi, the managing director of ADFS.
'As per offical records of Abu Dhabi Securities Market (ADX) and Dubai Financial Market (DFM), the combined year-to-date market traded value was Dh30.55 billion , while ADFS captured Dh2.46 billion,' he noted.
'This translates into a combined 8.06 per cent market share year-to-date. This makes ADFS number one broker by combined UAE market share year-to-date,' Samawi added.
ADFS is a member of ADX, DFM and Nasdaq Dubai. It offers regional brokerage services through direct subsidiary in Egypt and corresponding relationships in Qatar and Saudi Arabia.-TradeArabia News Service