The turnover of 7 brokerage firms exceeds half a trillion dirhams

600 billion in total transactions since the beginning of the year

Abu Dhabi: Muhannat Dagar

The trading value of 27 brokerage firms operating in the Abu Dhabi and Dubai financial markets has reached about 600 billion dirhams since the beginning of 2023, with 467.9 billion dirhams distributed in trading value in the Abu Dhabi market, and 136.5 billion dirhams in the Dubai market, trading 165.4 billion shares (85.41 billion shares in Abu Dhabi and 80 billion shares in Dubai) and this came as a result of 7.5 million transactions, while “International Securities” received the lion’s share with 265.8 billion dirhams traded in both markets, equal to 44% of the total.

In terms of market maker trading, 48.45 billion dirhams for 8 brokerages in two markets, 35.27 billion dirhams in Abu Dhabi market and 13.18 billion dirhams in Dubai.

Trading by bank-affiliated brokerage firms reached 83.27 billion dirhams in both markets, and they were 7 firms, with “Abu Dhabi Islamic Securities” leading the trade with 25.86 billion dirhams, followed by “Emirates NBD Securities” with 19.68 billion dirhams. , then “First Abu Dhabi Securities.” 15.08 billion, and “Abu Dhabi Commercial Securities” with 10.7 billion dirhams.

Excluding “International Bonds”, 10 brokerage firms controlled 48.55% of the total trade, and 11 brokerage firms including “International Bonds” accounted for 92.5% of the total trade in the two markets, amounting to 559.24 billion. Dirhams.

The share of “International”, “Hermes” reached 66.1 billion dirhams, “PHM” reached 50.9 billion dirhams, “Arkam” reached 40.26 dirhams, and in fifth place “Al Rams Capital” with 29.88 billion dirhams. Tabi Islami with 25.86 billion dirhams.” Securities” and “Q – Market Maker” with 25.6 billion dirhams.

In eighth place is “Emirates NBD Securities” with 19.68 billion dirhams, “First Abu Dhabi Securities” with 15.08 billion dirhams, “Abu Dhabi Commercial Securities” in tenth place with 10.74 billion dirhams, and “Guarantee34” turnover in 11th place. A billion dirhams.

See also  After waiting 4 years .. Mercedes GT73e appears in September: here are the specifications

Abu Dhabi Market

One of the largest brokerage firms trading in the Abu Dhabi market is International Securities Company. The value of its trade is about 262 billion dirhams, thus accounting for 56% of the total trade of brokerage firms operating in the market and 43% of the total trade of the two markets based on the trading volume of 25 billion shares, 1.14 million transactions.

In second place is “Emirates Financial Group Hermes” with a turnover of 41.6 billion dirhams, 8.3 billion shares traded, “Q Market Maker” with 25.6 billion dirhams in trade and 7.4 billion shares in trade and “Arcom” Bonds” 25.2 trades. One billion dirhams, 4.4 billion shares, while “BHM Capital Financial Services” recorded a turnover of 22 billion dirhams, and a volume of 7.6 billion shares.

“Abu Dhabi Islamic Securities” trade reached 16.12 billion dirhams, on 6.73 billion shares, “Al Rams Capital” reached 11.3 billion dirhams, on 3.98 billion shares, and “First Abu Dhabi Securities” reached 10.78 billion dirhams. 3.74 billion shares, “Emirates NBD Securities” with 8.5 billion dirhams, 3.4 billion dirhams, and “Abu Dhabi Commercial Securities” with 7.74 billion dirhams transactions and two billion shares traded volume, followed by “Al Ramz Capital Market Maker” with 6.64 billion dirhams. 1.63 billion shares and “Damon Securities” trade worth 5.18 billion dirhams, 2.28 billion shares.

The trading value of “HSBC Securities Middle East” reached 5.1 billion dirhams on 1.1 billion shares, and “BHM Capital Financial Services (Market Maker)”, 622.15 million shares traded 3 billion dirhams and “Sharjah Islamic Services” Financial Services traded 2.6 billion dirhams and 1.4 billion shares were traded, while “Mashreq Securities” traded 2.3 billion dirhams, with 474.4 billion shares, and “Finance House Securities” 2.29 billion dirhams, with one billion shares traded.

See also  Gold awaits meetings of the US Federal Reserve and the Japanese and European central banks

At the 18th place in the ranking table, “Al Ansari Financial Brokerage” with 2.24 billion dirhams trade and 1.14 billion shares traded, followed by “Al Dar Shares and Bonds” with 1.97 billion dirhams, 745.6 thousand shares and “SICO Brokerage.” Fund” traded 1.46 billion dirhams, 422.5 million shares and 1.3 billion dirhams “Al Wathba Center for Stocks and Bonds” traded 449.46 million shares and “Shurook Stocks and Bonds” traded 836.5 million dirhams over 314.4 million dirhams. One million shares.

“Al Sahel Center for Equities” was in 23rd place with a trading value of 724 million dirhams out of 316 million shares, “Dubai Commercial Financial Services” in 24th place with 225 million shares worth 614.6 million dirhams and “Al Buruj Securities” traded 18.48 million shares with 64.88 million dirhams. In 26th and 27th place respectively came “World Investments Group” with 46.9 million dirhams from 24 million shares and “Arcom – Market Maker” with 30.3 million dirhams from 4.36 million shares.

Dubai market

EFG Hermes – UAE came as the most traded brokerage in the market with 24.5 billion dirhams and 6.5 billion shares, followed by “PHM Capital Financial Services” with 22.4 billion dirhams, 14.84 billion shares and “Arqam Securities” with 14.76 billion dirhams, 3.5 billion shares, and “Emirates” NBD Securities” with 11.18 billion dirhams, with 8.18 billion shares, and “Abu Dhabi Islamic Securities” trade worth 9.74 billion dirhams, with 11.58 billion shares.

“Al Ramz Capital” is sixth with 9.37 billion dirhams out of 5.34 billion shares, followed by “XCube (Market Maker)” with 7 billion dirhams out of 1.9 billion shares and 3.76 billion shares with 4.3 billion dirhams and 4.3 billion dirhams. and “Daman Securities” with 4.16 billion dirhams, out of 3.78 billion shares, followed by “International Securities” in tenth place with 3.8 billion dirhams, out of 3.5 billion shares.

See also  The Swiss Financial Supervisory Authority is studying ways to hold Credit Suisse officials accountable

In 11th place is “BHM Capital Financial Services (Market Maker)” with 3.5 billion dirhams, 1.7 billion shares, “Abu Dhabi Commercial Securities” with 3 billion dirhams, 1.7 billion shares, and “Sharjah Islamic Financial Services”. » With a value of 2.6 billion dirhams, 2.25 billion shares traded volume, followed by “Al Ramz Capital (market maker)”, 2.57 billion dirhams, 1.1 billion shares .

“Mashreq Securities” traded 2.5 billion dirhams, 1.48 billion shares, “HSBC Middle East Securities” 2 billion dirhams, 432 million shares, and “Al Ansari Financial Brokerage” 1.62 billion, 162 billion trades. Stocks, “Finance House Securities Company”, attracted trade worth 1.48 billion dirhams out of 1.5 billion shares, and “SICO Financial Brokerage”, which attracted 1.44 billion dirhams, out of 882.9 million shares.

In the 20th place in the ranking, “Dubai Commercial Financial Services” trades 1.3 billion dirhams, 1.18 billion shares, followed by “Al Sahel Equity Center” 1 billion dirhams, trade value 1.19 billion shares, then “Shurooq Stocks and Bonds.” With a value of 717.9 million dirhams, 575 million shares and “Aldar for Shares and Bonds” 541.75 million dirhams transactions, 780 million shares and “Al Wathba” Center for shares and bonds” with 254 million dirhams, with 228.8 million shares.

In 25th place was “Laval (Market Maker)”, which attracted trades worth 110 million dirhams on 28.4 million shares, and “Global Investments”, with trades worth 96.1 million dirhams and traded volumes of 116.5 million shares. Al-Buruj Securities with 16.97 million dirhams for 27.2 million shares and “X-Cube” with 14.4 million dirhams for 12.17 million shares ranked 27th and 28th respectively.

  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 72 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Forex Brokers Review: Is ITBFX A Safe Broker?

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space