Brokerages expected to rise on tide of foreign capital | The National

Brokerages expected to rise on tide of foreign capital | The National:



"An influx of foreign capital is expected to lift volumes on the UAE’s stock markets to pre-financial crisis levels and help brokerages earn record revenues.



The bold prediction for the final quarter of the year comes amid a slew of new listings that has stimulated trade in recent weeks.



“Frankly, 2014 is the best year for brokerage companies since 2008 in terms of revenues,” says Mohammed Ali Yasin, the managing director at NBAD’s brokerage arm. “If traded volume continues it will be the highest on record, and that’s why we see brokerages either opening or expanding their business.”

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