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NASDAQ Dubai Monthly | December 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.

SUMMARY


  • Equities traded value rises 37% in November
  • Year-to-date traded value up 32% over 2009
 
Activity on exchange maintains growth

The value of equities traded on NASDAQ Dubai increased by 37% to 97 million dollars in November 2010, up from 71 million dollars in November 2009.  

The increase comes after NASDAQ Dubai’s outsourcing of its trading, settlement, clearing and custody functions for equities to Dubai Financial Market (DFM) in July 2010, as part of a strategy to increase trading of its equities by individual investors and merge them in one liquidity pool with institutional investors.

NASDAQ Dubai was the best performing stock exchange in the UAE during the month, measured by percentage change of traded value from November 2009.

In the first 11 months of 2010, NASDAQ Dubai’s equities traded value rose 32% to 1.2 billion dollars, from 911 million dollars in the same period of 2009.

NASDAQ Dubai is recruiting: Head of Listing

We are looking for a strong personality to head up our Listing Authority and uphold our reputation for exceptional international regulatory standards. The successful candidate will work closely with current and potential Issuers and Dubai Financial Services Authority.

At  least 5 years experience in a senior capacity in capital markets is required, with particular knowledge of exchange regulations.  Applicants will ideally come from a listing, legal, regulatory or audit background. 

This role will provide many challenges as well as a high degree of autonomy.

To apply please visit www.nasdaqdubai.com/careers

 
FTSE NASDAQ Dubai UAE 20 share index falls 5.5% in November

The FTSE NASDAQ Dubai UAE 20 index fell in November 2010 to end the month at 1,772, down 5.5%  from the end of October. Since the start of the year the index has fallen 4.3%. 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 >

FTSE Graph
 
Members Market Share

Deutsche Bank was the  most active Member of the exchange by traded value in November  followed by  EFG Hermes and Mubasher. Overall, UAE brokers have increased their share of trading on NASDAQ Dubai since the outsourcing to DFM in July 2010.

Market share, by value of all traded instruments – November 2010
Member Market Share %
Deutsche Bank 41.3  
EFG Hermes Brokerage UAE 15.9  
Mubasher 13.0  
Al Futtaim HC 10.8  
Arqaam Securities 9.6  
SHUAA Securities 4.1  
SHUAA Capital 1.2  
Mashreq Securities 1.1  
Emirates NBD Securities 1.1  
CBD Financial Services 0.8  
Al Ramz 0.3  
Index Securities 0.2  
Union Brokerage Company 0.1  
Al Dhabi Brokerage 0.1  
Citigroup 0.1  
UBS 0.1  
 
NASDAQ Dubai Academy

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

Details of upcoming courses will be provided in the next newsletter.

Sign up for NASDAQ Dubai Academy courses here.