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Major brokerages dominate

By Reinout Ebskamp on February 2, 2008 under Real Estate

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A statistical survey by the Abu Dhabi Securities Market (ADSM) and the Dubai Financial Market (DSM) revealed that the predominating position of the lager firms, has pushed smaller firms into tough struggle for survival, facing a situation of reduced profits or emerging losses. The 20 major firms acquire 61 percent of the market, while the other 83 companies registered in the UAE share the remaining part of the trading market, the figure showed.

Brokerages are representing 50,3 percent of all trading at the DFM (433,7 billion AED) and 65 percent of trading at the ADSM (228 billion AED).

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