Arqaam Capital, an emerging market-focused brokerage house based in Dubai, is shutting its SA office, following in the footsteps other global equity research companies as a stagnant economy weigh on trading volumes.   

In a brief message to clients on Tuesday, Arqaam, which also has offices in  Beirut and Cairo,  said it would be closing its local equity equity research coverage and immediately withdraw recommendations, target prices and estimates.  It did not respond to Business Day’s request for comment...

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