Al Ramz Securities, one of the UAE’s leading brokerage houses, posted a market-value trade of AED 2.17 billion to emerge as the country’s top broker for the month of January 2013. The figure represents a solid 8.25 % of national securities exchange for the period.
The financial services company led trade at the Dubai Financial Market (DFM) at AED 1.38 billion to take a 7.97 % market share and was a strong third at the Abu Dhabi Securities Exchange (ADX) at AED 791.5 million to account for 8.79 % 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.
“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,” said Mohammad Al Mortada Al Dandashi, Partner & Managing Director, Al Ramz.
Al Ramz Securities, a member of the ADX, the DFM and Nasdaq Dubai, consistently tops ADX and DFM trading. It delivers retail and institutional services through its branches in Abu Dhabi, Dubai, Al Ain. Al Ramz is the first locally-based brokerage licensed by the Emirates Securities and Commodities Authority to provide advisory services for customers and is authorized 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.