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AFHC to open second Dubai branch.


Byline: Dubai

Al Futtaim HC Securities (AFHC AFHC Army Family Housing (Construction) ), one of the top brokerage houses in the region, is set to open its second office at the Dubai Financial Market (DFM DFM Design for Manufacturing (newsletter)
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) headquarters on Sunday.

A venture between Al-Futtaim Group and HC Securities and Investment, AFHC, said the opening was part of its ambitious expansion plan in the region.

AFHC was able to secure advanced ranking among the top 10 brokerage houses on the DFM and Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c.  Securities Exchange (ADX ADX Average Directional Movement Index
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) in terms of trading value with in only ten months of operation, said a top official.

This strong performance has prompted the management to pursue further expansion in order to provide the company's services to a wider client base, stated Hassan Choucri, AFHC's general manager.

"Our new branch represents the beginning of a broader program to expand our presence within the UAE's dynamic financial markets. It also serves as a key tool for widening our communication platform with the investing public, with the goal of more effectively meeting their unique needs and being closer to them," he added.

Al Futtaim HC Securities became fully operational in Abu Dhabi and Dubai in April of 2007.

The brokerage house combines the strengths and resources of Al-Futtaim Group, the largest business conglomerate in the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend.  and the Middle East, and HC Securities & Investments, the leading financial institution in Egypt.

AFHC's wide range of brokerage offerings include online trading Online Trading

Making trades via the Internet.

Notes:
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
, specialized services for institutions and private clients, and trading services on the DFM and ADX.- TradeArabia News Service

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Article Details
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Publication:TradeArabia (Manama, Bahrain)
Geographic Code:7UNIT
Date:Oct 24, 2009
Words:271
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