Dubai – Mubasher: EFG Hermes Securities Brokerage UAE topped the Dubai Financial Market’s (DFM) list of brokerages in September with AED 951.69 million ($259.15 million), representing 12.27% of total trades.
MenaCorp Financial Services, Arqaam Securities, and Al Ramz Capital came in second, third, and fourth with AED 555.47 million, AED 529.18 million, and AED 506.35 million, respectively.
Meanwhile, Al Safwa Mubasher brokerage, previously Mubasher Financial Services, came in fifth with AED 505.65 million in trades, representing 6.52% of the DFM’s total, according to data released on the market.
Emirates NBD Securities, NBAD Securities, ADIB Securities, Mashreq Securities and ADCB Securities LLC came in sixth to tenth, respectively.
The DFM’s total trades amounted to AED 7.75 billion in September.
