UAE brokerage firms hit by a thinning stock market volumes | The National:
"Brokerages in the UAE will face tough times this year and may have to merge, close down or suspend their operations after traded volumes last year dropped by as much as 60 per cent from the year earlier, brokers said.
“As long as there are thin volumes in the market, it is more probable for brokerages to close down because the situation is a bit bad,” said Wael Darwish, the general manager of Mubasher Financial Services, a Dubai-based brokerage. “There may be consolidation.”
Average daily traded value on the Dubai Financial Market (DFM) last year fell by 60.3 per cent to Dh603.2 million, compared with 2014."
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