The Dubai Financial Market surprised traders yesterday with news that it has approved margin trading by two brokerage houses. But the announcement came on the same day that yet another broker failed due to lack of business activity.
EFG-Hermes and Arab German International Broker have been accredited for margin trading from next month. Margin trading allows investors to leverage their cash positions by borrowing from their brokers provided that they meet margin payments if the value of their shares fall.
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