The committee, while reviewing the cases, noted that an agent of Zafar Moti Securities had reportedly indulged in malpractices and fraudulent activities due to which the licence of his brokerage house
was suspended, sources said.
Securities (BHS), one of the region's leading brokerage firms recently opened it newest branch in ADX- Ras Al Khaimah.
In an email to its investors AKD Securities Limited, a leading brokerage house
said 'Incorporating the SITE expansion into our estimates, our Dec'18 TP now stands at PkR138/sh (previously at PkR132/sh).
CI Capital, the leading diversified financial services group, announced Sunday that it has entered into an agreement with Al Rajhi Capital (ARC), the fully-owned banking subsidiary of Al Rajhi Bank, a leading brokerage house
in the Kingdom of Saudi Arabia (KSA), that provides access to the Saudi equity capital market to CI Capital's client base.
The brokerage house
has around 20,000 traditional clients, of which 3,000 are active traders.
In another related development, a brokerage house
listed with the UAE Central Bank has come under the scanner for its alleged involvement in the multi-million dollar scam.
In the 2015 FMA survey, JS Global has been awarded the prestigious Best Foreign Exchange Brokerage House
- 2015 where this latest award marks the 6th consecutive FX award JS Global has won.
Lee said the bank will sell its stake in the brokerage house
by accepting applications from multiple bidders to make the process more transparent and fair.
Dubai: National Bank of Abu Dhabi Securities, NBAD Securities, has won two awards from International Finance Magazine (IFM), for "Best Brokerage House
in the UAE" and "Best Research House in the UAE".
The acquisition of Bank Muscat's brokerage business may enable Gulf Baader to become the number one brokerage house
in terms of market share.
Lazard Ltd (NYSE:LAZ), First Financial Brokerage House
, Stephenson Harwood LLP and Tsvetkova, Bebov & Partners are consulting the buyer.