Retail broker NAGA has added a new group of MENA stocks to its platform.
Clients trading with the firm can now access different large cap stocks listed in the UAE and in Saudi Arabia.
That includes Riyad Bank, one of the largest financial institutions in Saudi, and UAE firms, including First Abu Dhabi Bank and Emirates Telecom.
NAGA already offers CFDs on a number of different UAE and Saudi stocks.
The company is tapping into growing demand for local equities trading in the region.
We have seen this show up on the broker side, with firms like ADSS seeing positive results from offering single stock CFDs. Meanwhile Scope Markets has developed a local index offering that the company’s CEO says has performed well for both B2C and B2B clients.
On the technology side, risk management technology company Centroid Solutions has announced a couple of key integrations over the last two months that give clients access to stock markets in the Gulf countries.
