Major brokerage firms take larger chunk of trading in UAE
Statistical figures prepared by Abu Dhabi Securities Market (ADSM) and Dubai Financial Market (DFM) have revealed that 20 major brokerage firms together acquire over 61pc of the total market while the remaining 83 brokerage firms registered in UAE share among them the remaining trading market.
The statistical survey also pointed out that the predominating position of the large firms has pushed smaller firms into tough struggle for survival. They are facing a situation of either reduced profits or emerging losses, the figures showed.
The total value of trading by the 20 major brokerage firms stood at approximately AED 228 billion, representing 65pc of all the trading activities in the Abu Dhabi Securities Market, while in Dubai, the value of trading by these firms stood at AED 433.7 billion representing 50.3pc of all the trading at DFM, the figures proved. (WAM)
The statistical survey also pointed out that the predominating position of the large firms has pushed smaller firms into tough struggle for survival. They are facing a situation of either reduced profits or emerging losses, the figures showed.
The total value of trading by the 20 major brokerage firms stood at approximately AED 228 billion, representing 65pc of all the trading activities in the Abu Dhabi Securities Market, while in Dubai, the value of trading by these firms stood at AED 433.7 billion representing 50.3pc of all the trading at DFM, the figures proved. (WAM)
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