Sep 08 2010 |
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NASDAQ Dubai Monthly Trading Report: August 2010
Equities traded value rises 20% in first full month since outsourcing to DFM
Dubai, September 8, 2010 - The value of equities traded on NASDAQ Dubai rose by 20% in August 2010 from the same period in August 2009. It was the first full month of trading since the exchange outsourced its operations to Dubai Financial Market (DFM) on July 11, 2010.
The August value reached 78.7 million dollars, up from 65.5 million in August 2009. The proportion traded by individual investors, as opposed to institutions, also increased. Volume for the month fell by 9% to 158.6 million shares, from 175.2 million in the same 2009 period.
NASDAQ Dubai outsourced its trading, settlement, clearing and custody functions for equities to DFM on 11 July, 2010, as part of a strategy to increase trading of its equities by individual investors and bring them together in one liquidity pool with institutional investors.
In the first eight months of 2010, traded value of NASDAQ Dubai equities rose to 858 million dollars from 587 million in the same period of 2009, an increase of 46%. Volume fell to 1.9 billion in the same period from 2.1 billion, a decrease of 14%.
The index tracks 20 stocks listed on the DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai . It has been designed as a hedging and investment mechanism for GCC and international investors.
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About NASDAQ Dubai
NASDAQ Dubai
is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional bonds.
The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).
For more information, visit www.nasdaqdubai.com.
For more information, contact:
Mark Fisher
NASDAQ Dubai
Tel: +971 4 3612220
Mob: +971 50 6245805
Email: Mark.fisher@nasdaqdubai.com
Mohamed Tahboub
Jiwin Public Relations- Finance Practice
Tel: +9714 3613598
Mob: +97150 157 6868
Email: Mohamed.Tahboub@jiwin.ae
© Press Release 2010
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