Mar 12 2011 |
more articles from
|
Equities traded value reaches $71 million in February
Dubai, March 12, 2011 - The value of shares traded on NASDAQ Dubai reached 71 million dollars in February 2011, up 50% from 47.1 million dollars in January. Traded value in February 2010 was 133.4 million dollars.The share of trading by retail investors in February 2011 reached 5.5% of total traded value. Institutional investors accounted for 94.5%.
The retail share rose from 2% of total traded value in August 2010, which was the first full month of trading after NASDAQ Dubai started routing all its equities trades through the trading platform of Dubai Financial Market ( DFM ) in mid-July.
Jeff Singer, Chief Executive of NASDAQ Dubai , said: "In a challenging period for Middle East capital markets, the increase in retail trading in 2011 from last year indicates that the switch to DFM 's platform has succeeded in attracting more retail investors to NASDAQ Dubai 's market. We look forward to building further retail and institutional liquidity."
Seven regional brokers became Members of NASDAQ Dubai in 2010 to take advantage of the new trading regime, bringing the total number of Members to 35 international and regional brokers.
The FTSE NASDAQ Dubai UAE 20 index ended February 2011 at 1,508, down 9% from the end of January 2011.
The index tracks 20 liquid stocks listed on
DFM
, the Abu Dhabi Securities Exchange and
NASDAQ Dubai
. It has been designed as a hedging and investment mechanism for GCC and international investors.
-Ends-
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.
© Press Release 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment