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Mon 1 Jan 2007 12:00 AM

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Online broker launches new market and information tracking service

UAE-based stockbroker Mubasher Market, a subsidiary of National Technology Group (NTG) which has holdings across the Gulf region, has launched a new Internet portal providing integrated “real time” financial information tracking in both English and Arabic.

UAE-based stockbroker Mubasher Market, a subsidiary of National Technology Group (NTG) which has holdings across the Gulf region, has launched a new Internet portal providing integrated “real time” financial information tracking in both English and Arabic.

Mubasher, which claims to be the first brokerage to offer bilingual real time stock market information, says the new portal will work in conjunction with the company’s existing service enabling investors with 24-hour electronic trading capability through personal computers and electronic receiving devices such as mobile phones.

The new portal’s main feature is its information tracking facility which presents investors with all relevant market information through a single point of access.

“Investors in Middle East markets are using increasingly complex techniques to ply the stock market, and Mubasher is addressing their needs by introducing sophisticated tools and comprehensive information feeds to source relevant decision-making information,” says Mohammed Rashid Al Balaa, chairman of NTG.

Al Balaa, who engineered the design of the new portal, believes there is significant investor demand for a fully integrated information product.

He adds, “Mubasher’s services portal offers targeted information that is compiled, analysed and disseminated in real time to help investors make informed and profitable decisions”.

Furthermore, the portal features a directory of publicly traded stocks in the UAE, Saudi Arabia, Egypt, Kuwait, Qatar, Bahrain, Oman and Jordan.

Mubasher says it will be expanding the list of Arab country markets as the service develops (included are listings with background information on the major brokerages operating on these markets). The portal also offers a glossary of more than 1,200 bilingual trading terms to assist investors who may not be familiar with local terminology.

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