By: Mahmoud Gamal
Dubai – Mubasher: Al Safwa Mubasher, previously Mubasher Financial Services, topped the Dubai Financial Market’s (DFM) brokerage companies in September with AED 906.52 million, or 10%, of the market’s total turnover of AED 9.068 billion.
The firm also ranked first in the list of transactions with 11,060 deals, making up 10.97% of the total transactions of 100,830.
In terms of volume, Al Safwa Mubasher came second with 865.199 shares traded, representing 9.7% of the DFM’s total volume for the month at 8.92 billion exchanged shares, accrodong to the DFM's data.
Al Ramz Corporation Investment and Development ranked second in terms of traded value with AED 814.92 million, acquiring 8.99% of liquidity, after 605.44 million shares were exchanged.
EFG Hermes-UAE acquired the third spot with AED 735.79 million, after 353.51 million shares were exchanged.
Emirates NBD Securities came fourth with AED 608.39 million, after 724.3 million shares were exchanged, while Arqaam Securities ranked fifth with AED 606.47 million, after 222.14 million shares were exchanged.
On a separate note, the DFM saw a positive performance after growing 13.95 points, or 0.5%, reaching 2,834.95 points by the end of third quarter of 2018.
Translated by: Mohammad Hesham Azab
