NASDAQ Dubai Monthly | August 2010 If the newsletter is not displaying correctly, click here to read it online 

Welcome to the latest issue of NASDAQ Dubai Monthly, our online newsletter that updates market participants about developments at the exchange.


  • Equities traded value increases 9% after outsourcing
  • UAE broker Al Futtaim HC is most active Member
  • Equities traded value rises 52% in first seven months of 2010
Trading activity increases after successful outsourcing to DFM

The value of equities traded on NASDAQ Dubai rose by 9% in the first four weeks following the operations outsourcing to Dubai Financial Market (DFM), compared to the same period of 2009. UAE brokers increased their share of trading in the same July 11-August 5 period.

Traded value reached 51.3 million dollars, up from 47 million. The proportion accounted for by individual investors, as opposed to institutions, also increased. Many individual and institutional investors on NASDAQ Dubai are now trading using Investor Numbers, which they can also use to trade on DFM.

DP World was the most heavily traded stock by volume of all DFM and NASDAQ Dubai listings on five days in the first four weeks after the outsourcing. By value, it was the most heavily traded stock on one day.

The most active NASDAQ Dubai Member by volume was Al Futtaim HC Securities, followed by Deutsche Bank and then EFG Hermes.

NASDAQ Dubai outsourced its trading, settlement, clearing and custody functions for equities to DFM on 11 July, as part of a strategy to increase trading of its equities by individual investors and bring them together in a merged liquidity pool with institutional investors.

Details of the outsourcing can be viewed here.
Questions can be sent to the NASDAQ Dubai Consolidation Web Desk here.

Traded value up 50% in 2010

In the first seven months of 2010, traded value of NASDAQ Dubai equities rose to 780 million dollars from 521 million in the same period of 2009, an increase of 50%. Volume fell to 1.69 billion from 1.89 billion, a decrease of 11%.

In the month of July 2010, traded value rose to 52.2 million dollars, up 17% from 44.6 million in July 2009. Volume declined by 10% to 115.5 million dollars, from 127.7 million.

By percentage change, both the value and volume figures were the best performing of any UAE stock exchange for both the seven-month and one-month periods.

FTSE NASDAQ Dubai UAE 20 share index rises 6% in July

The FTSE Nasdaq Dubai UAE 20 index ended July 2010 at 1,609, 6% higher than at the end of June and 13% lower than at the start of the year. The index comprises DP World as well as 10 stocks on the DFM and 9 on the ADX. Its stocks are chosen for large market capitalisation and investability and are free float weighted. Futures contracts listed on the index by NASDAQ Dubai have been designed as a hedging and investment mechanism for GCC and international investors.

Read more about the constituents of the index here >

Members Market Share

Al Futtaim HC was the most active Member of the exchange by value of traded equities in the first four weeks after the outsourcing to DFM. Deutsche Bank was second, followed by EFG Hermes.

Market share, by value of all traded instruments – July 11-August 5 2010
Member Market Share %
Al Futtaim HC 32.70
Deutsche Bank 26.06
EFG Hermes Brokerage UAE LLC 20.42
Arqaam Capital 8.59
SHUAA Capital 6.18
Mubasher 2.14
Mashreq Securities 1.09
Wood 1.00
SHUAA Securities 0.75
Emirates NBD Secrities 0.43
Citigroup 0.41
JP Morgan 0.37
MAC Capital 0.12
Al Ramz 0.03
Union Brokerage 0.02
Credit Suisse 0.01
NASDAQ Dubai Academy

NASDAQ Dubai Academy provides training courses in English and Arabic for market participants including issuers, Members, investors and the general public.

The Academy is preparing training courses on Anti-Money Laundering, Compliance and Market Abuse, to run from mid-September after Ramadan. Dates will be announced in our next newsletter.

Sign up for NASDAQ Dubai Academy courses here.