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Tuesday, 24 January 2012

Dubai brokerage confirms closure after trading slump - Markets - ArabianBusiness.com

HC Securities & Investment and Al Futtaim Group has confirmed their intention to close down its brokerage Al Futtaim HC Securities in Dubai.
The company said it had suffered in a "very difficult environment" for the past three years, Hussein Choucri, chairman and managing director said.
Average daily trading in the UAE market slumped to AED226m ($61.5m) in 2011 compared to AED415m in 2010 and AED972m in 2009.