iPhone | iPad
Android
Huawei
Media reports had suggested the trip would begin as soon as Sunday and last two days
KT APPDOWNLOAD
DFM accredits 4 brokerage firms to provide margin trading
Since its introduction in 2012, the value of margin trading on the DFM is amounted to Dh48.5 billion, equivalent to 8.5 per cent of total trading value.
The Dubai Financial Market, or DFM, on Sunday announced that Al Jazeera Financial Services, Awraq Islamic for Shares and Bonds, Al Dar Shares and Bonds and Daman Securities have been accredited to provide margin trading, lifting the total number of DFM brokerage firms providing this service to 16 companies.
Since its introduction in 2012, the value of margin trading on the DFM is amounted to Dh48.5 billion, equivalent to 8.5 per cent of total trading value.
Margin trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the Securities and Commodities Authority’s licence. DFM is currently processing similar applications from other brokerage firms in collaboration with the SCA.
EFG-Hermes UAE Brokerage, Al Ramz Securities, Direct Broker for Financial Services, NBAD Securities, Finance House Securities Company, Al Ansari Financial Services, ADIB Securities, Mena Corp Financial Services, Vision Capital Brokerage Company, Al Dhabi Brokerage, Securities & Investment Company UAE and Naeem Shares and Bonds are the other companies that provide margin trading on the DFM.
The DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the Federal Government or any of the local governments and public institutions in the country.
— business@khaleejtimes.com
More news from
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles
