Al Ramz Securities tops DFM trading
Dubai, April 17, 2012
Al Ramz Securities, one of the UAE’s leading brokerage houses, topped trading at the Dubai Financial Market (DFM) with Dh1.48 billion ($403 million) in market-value trade in March and also ranked second in the whole of UAE market.
The UAE broker once again dominated Dubai’s stock exchange at 7.72 per cent after topping the market in February and January this year.
The broker also finished a solid second in the Abu Dhabi Securities Exchange (ADX) at AED 391.84 million to gain a 6.75 per cent share, topping last month’s third-place finish.
Al Ramz said it had traded a total of Dh1.87 billion in March to account for 7.5 per cent of trading activity for the month and rank second overall in the UAE market.
UAE trade for the month was Dh19.14 billion at the DFM and Dh5.8 billion at the ADX for a total of Dh24.94 billion.
Commenting on the record performance, Mohammad Al Mortada Al Dandashi, MD of Al Ramz Securities said, 'We thank our clients for their trust and confidence and playing a big part in our market leadership. We are targeting further enhancements to our services and systems to meet and exceed our client’s expectations as much as possible.'
'With market activities picking up we expect to consistently rank high in the national markets throughout 2012,” he added.
A member of ADX, DFM and Nasdaq Dubai, Al Ramz provides retail and institutional services via branches in Abu Dhabi, Dubai, Al Ain.-TradeArabia News Service