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On Thursday, Dubai Financial Market (DFM), the Gulf’s only listed stock exchange, reported that it has on-boarded a new margin trading member, bringing the total number of brokers offering margin facilities to investors to 34 companies.
Sharjah Islamic Financial Services has been accredited today by DFM to provide margin trading in the Middle East’s largest financial centre.
Dubai Financial Market reported last month a 60 percent drop in its Q2 2016 net profit as revenues fell to $27.3 million in the three months ending June 30.
As a qualified margin trading member, Sharjah Islamic is allowed to fund a percentage of the market ... (read more)