Printer Friendly

AED 36.5 billion in credit facilities provided to investors during Q1 2017.

The total value of margin trading facilities provided by brokerage companies operating at ADX and DFM amounted to AED 36.5 billion during the first quarter of 2017, according to WAM, an increase of 46 per cent over the same period in 2016.

According to official statistics, the margin trading accounted for 27.8 per cent of the total transactions conducted at ADX and DFM during the period from January till March 2017, which totalled AED 131 billion.

The DFM accounted for the largest share of margin trading, reaching AED 29.44 billion, which is equal to 30.55 per cent of the total cash inflows to the market since the beginning of the year, valued at AED 96.44 billion.

The month of January witnessed the highest levels of margin trading facilities, amounting to more than AED 17 billion at ADX and DFM, while March saw the lowest level.

[c] 2017 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:CPI Financial
Date:Apr 17, 2017
Words:164
Previous Article:Emirates Auction and Awqaf and Minors Affairs Foundation organise auctions worth AED 58.5 million.
Next Article:Q1 profits for Sharjah Islamic Bank rise to AED 139.1 million.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters