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DFM distributes cash dividends for Tamweel shareholders

The Dubai Financial Market commenced the distribution of cash dividends to Tamweel shareholders for the financial year ending December 31st 2011, during the first week of April 2012. Tamweel earlier mandated DFM to manage this process in light of the exchange’s high efficiency and enormous capabilities in handling the cash distribution, which will be carried out through 3 methods of payment including iVESTOR card, bank account transfer and cheque.

DFM achieves 97.6% compliance in annual results disclosure of UAE companies

Dubai Financial Market announced that its UAE listed companies have shown a 97.6% compliance to disclosing their annual results within the deadline of 3 months from the end of the financial year. In total 42 out of the 43 UAE public joint stock companies listed on DFM successfully disclosed their annual results by the end of March 2012, with the exception of Amlak Finance due to procedural reasons.

DFM company shareholders approve financial statements for the fiscal year 2011

The Dubai Financial Market (DFM) “PJSC” shareholders approved the Balance Sheet and Income Statement for the fiscal year ending December 31st 2011, during the Ordinary Annual General Meeting held on April 15th 2012 and headed by Abduljalil Yousuf Darwish, Chairman of the company.

DFM shareholders ratified the Board of Director’s report on the company’s performance and its financial position for the fiscal year ending December 31st 2011, the External Auditor’s report and the Sharia and Fatwa Supervisory Board report. The shareholders also appointed the External Auditor’s PricewaterhouseCoopers for the fiscal year 2012 and determined their professional fees, in addition to discharging members of the Board of Directors and the External Auditors from their liabilities for the fiscal year ending December 31st 2011.

Emirates NBD Securities enables trading on NASDAQ Dubai through dirham account

Emirates NBD Securities has announced it has enabled its customers to trade NASDAQ Dubai securities using their existing bank account in UAE dirhams. Previously its customers had to use a US dollar account to trade NASDAQ Dubai securities, which are listed in US dollars.

Mr. Abdulla Al Hosani, General Manager, Emirates NBD Securities said: "We have launched yet another valuable opportunity in our continuous efforts to better serve our customers. We aim to always offer our customers better services and products and by presenting access to NASDAQ Dubai through a bank account in UAE dirhams, not only do investors now have a wider range of shares to trade through the ease of a single account, but they also have this option at a competitive exchange rate".

NASDAQ Dubai to speak at debt capital markets conference


Craig Hewett, Head of Business Development, will discuss ways to develop the regional debt markets at the Bonds & Loans Middle East conference in Dubai on May 30, 2012. With other expert panelists, he will look at initiatives to strengthen the issuance, listing and custody framework for Sukuk and conventional bonds.

DFM performance during March 2012

The Dubai Financial Market General Index decreased by 4.7% to 1648.9 points at the end of March compared to 1730.4 points at the end of February. At the sectoral level, five out of the nine indices represented on DFM ended the month in the red, with the Industrials sector decreasing the most by 10.7%, followed by the Real Estate and Transportation sectors by 8.3%, and 6.4% respectively. The Services index rose by 10.6%, the Financial and Investment services up 5.2% and the Telecommunications index up 1.6%. The Consumer Staples sector did not witness any change during this month. The market capitalization decreased at the end of March by 2.6% amounting to AED 194.3 billion compared to AED 199.4 billion. The value of shares traded during March reached AED 9.6 billion, compared to AED 8.7 billion recorded during the previous month, an increase of 9.4%. The number of shares traded increased by 3.2% to reach 7.9 billion shares during this month compared to 7.6 billion shares traded during February. The number of transactions executed during March increased by 13.9% to reach 116,800 compared to 102,600 deals carried out during the previous month.

As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the value of traded shares, to reach AED 3 billion, which equates to 31.8% of the total value of shares traded in the market. The Financial Services and Investment sector ranked second at AED 2 billion (20.7%), followed by the Banking sector with AED 1.598 billion (16.7%), and the Services sector with AED 1.595 billion (16.7%). The Telecommunication sector with AED 627.4 million (6.6%), the Transportation sector with AED 402.7 million (4.2%), and the Insurance sector with AED 302.8 million (3.2%).

The value of shares bought by foreign investors during this month reached AED 4.437 billion comprising 46.4% of the total value of shares traded. The value of shares sold by foreign investors during the same period reached AED 4.399 billion comprising 46% of the total value traded. DFM net foreign investment in flow reached AED 37.4 million. The value of stocks bought by institutional investors during this month reached AED 1.453 billion comprising 15.2% of the total value of shares traded. The value of shares sold by institutional investors during the same period reached AED 1.423 billion which constitutes 14.9% of the total value traded. DFM net institutional investment in-flow amounted AED 29.9 million.


NASDAQ Dubai performance during March 2012

The value of equities traded on NASDAQ Dubai in March 2012 reached 41 million dollars. This was an increase of 8% from 37.9 million dollars in February 2012 and a decrease of 51% from 83.4 million dollars in March 2011.

Equities traded value in the first quarter of 2012 reached 113.9 million dollars, a decrease of 14% from 133.1 million dollars in the last quarter of 2011 and of 43% from 201.5 million dollars in the first quarter of 2011.


Indices

Dubai Financial Market General Index decreased by 4.7% to 1648.9 points at the end of March compared to 1730.4 points at the end of February.

The FTSE NASDAQ Dubai UAE 20 index ended March 2012 at 1,682, down 5% from 1,766 at the end of February and up 22% from the end of December 2011.
The index tracks 20 stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. The stocks are chosen for high liquidity and openness to foreign investment. Read more about the constituents of the index here

Brokers’ Market share - March 2012

Members Market Share by Value (%)
Al Ramz Securities 7.72
Emirates NBD Securities LLC 7.15
Abu Dhabi Financial Services 6.26
Direct Broker for Financial Services 6.17
EFG-Hermes Brokerage UAE 5.05
Abu Dhabi Islamic Securities 5.02
SHUAA Securities 4.29
Daman Securities Center 4.25
Mashreq Securities 3.93
Dubai Islamic Financial Services 3.19
Members Market Share by Value (%)
Arqaam Securities 29.50
EFG-Hermes Brokerage UAE 24.73
Deutsche Bank 23.30
SHUAA Securities 10.83
Emirates NBD Securities LLC 5.35
Direct Brokers for Financial Services 3.21
Mashreq Securities 1.37
Al Ramz Securities 0.73
Union Brokerage 0.36
Naeem Shares & Bonds 0.33