UAE brokerage firms hope for higher volumes next year - The National

UAE stock market trading volumes are expected to reach Dh70 billion (US$19.05bn) for the year, representing a 22 per cent increase on 2011.

Although a marked increase from last year's Dh57bn, the figure has been met with mixed feelings by brokers who had expectations of volumes nearer to those reached in 2010.

"I can't say we are happy. Last year we had crumbs and this year we had one-third of a piece of bread," said Fathi Ben Grira, the chief executive at Mena Corp, an Abu Dhabi investment company.

* username: rupertbu