By: Mahmoud Gamal
Dubai – Mubasher: Al Safwa Mubasher topped the list of brokerage firms on the Dubai Financial Market (DFM) in December 2017.
Al Safwa Mubasher’s share amounted to AED 2.57 billion, making up 14.9% of total trading value of all companies which stood at AED 17.21 billion, according to a statistic on the DFM.
Al Safwa Mubasher’s goals
Al Safwa Mubasher aims to own more than 10% market share of the DFM, in addition to laying out a plan for developing the e-trading, company CEO Ehab Rashad said.
The firm targets to reinvigorate trading on the regional and international stock markets for corporates, particularly on the Egyptian Exchange (EGX), the Saudi Stock Exchange (Tadawul), and the US Stock Exchange, Rashad added.
EFG Hermes ranks 2nd
EFG Hermes ranked second with AED 1.635 billion, making up 9.5% of the total trading value.
ADBC Securities came third with a stake of AED 1.53 billion, representing 8.9% of the total amount, while MenaCorp ranked fourth with AED 1.25 billion, acquiring 7.3% of the total trading value.
Brokerage House Securities (BHS) came fifth with AED 1.2 billion, representing 6.97% of total amount.
Translated by: Mohamed Hesham Azab
