Jul 11 2011 |
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Individual investors increase their trading on NASDAQ Dubai
NASDAQ Dubai
Monthly Trading Report: June 2011
The continuing expansion came after NASDAQ Dubai started routing all its equities trades through the trading platform of Dubai Financial Market ( DFM ) in July 2010, in order to improve access by individual investors.
Jeff Singer, Chief Executive of NASDAQ Dubai , said: "We are delighted that the outsourcing to DFM 's systems has succeeded in attracting growing interest from individual investors in NASDAQ Dubai equities. We look forward to building further liquidity as confidence in the region's capital markets increases. An active retail base combined with institutional liquidity puts NASDAQ Dubai in a strong position to attract further initial public offerings."
Total equities traded value - by institutions and individuals - reached 209 million dollars in the second quarter of 2011, an increase of 4% over the 202 million dollars recorded in the first quarter of 2011.
Total equities traded value in June 2011 reached 74 million dollars, up 17% from 63 million dollars in May 2011 and up 21% from 61 million dollars in June 2010.
The FTSE NASDAQ Dubai UAE 20 index ended June 2011 at 1,641, down 5% from the end of May and down 9% from the end of 2010.
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
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