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Equity market

Headline: JSE admits first Middle Eastern brokerage

Link: http://www.moneyweb.co.za/moneyweb-markets/jse-admits-first-middle-eastern-brokerage

First two paragraphs of article:

Brokerage will also focus on Ghana, Kenya and Nigeria.

JOHANNESBURG - Dubai-based Arqaam Capital on Wednesday became the first Middle Eastern brokerage to join the Johannesburg Stock Exchange, from where it plans to expand coverage of African stock markets as demand for fast-growing frontier assets hots up.

The emerging markets investment bank currently covers 42 African companies and plans to increase that to 125 firms by the end of the year, chief executive Riad Meliti said in Johannesburg.


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