Brokerages are rushing to offer margin trading services to their clients, a boon for the industry as it tries to accommodate a renewed interest in local stocks.
"The appetite is really huge right now with the current market conditions," said Talal Toukan, the head of research at Al Ramz Securities in Abu Dhabi. "It is a considerable amount of money we are talking about, which will translate to bigger trading volumes, the lifeblood of our business."
Al Ramz Securities became the fifth brokerage firm to secure accreditation yesterday. The Abu Dhabi-based brokerage said it expects to offer margin accounts as early as this month.
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