NASDAQ Dubai Monthly | December 2011 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.


  • Sukuk investors increase holdings in NASDAQ Dubai by 36%
  • Equities traded value reaches 36 million dollars

Sukuk investors choose NASDAQ Dubai for safekeeping

The value of Sukuk investments held for safekeeping in NASDAQ Dubai’s custody has risen by 36% in the past year, from 100 million dollars to 136 million dollars.

The increase in the holdings, which are maintained in the exchange’s Central Securities Depository (CSD), reflects the wide range and competitive pricing of the CSD’s services to participants. As well as custody, these include settlement of over the counter cross-border transfers and processing of corporate actions, such as interest and profit payments and redemption.

NASDAQ Dubai is the only exchange in the Middle East that has direct access to the international central securities depositaries (ICSDs) Euroclear and Clearstream. These links provide an easy transaction process between the ICSDs and the NASDAQ Dubai CSD for international and regional investors. 

Craig Hewett, Head of Business Development at NASDAQ Dubai, said:  “Our CSD provides Sukuk investors with an international best practice depository structure for settlement, asset-servicing and safekeeping. We look forward to hosting more Sukuk investors on the NASDAQ Dubai CSD as we expand our Sukuk market.”

NASDAQ Dubai is the largest exchange for Sukuk in the Middle East by listed value, with 15 Sukuk with a nominal value of 10.5 billion dollars.

Equities traded value reaches 36 million dollars

The value of shares traded on NASDAQ Dubai in November 2011 reached 36 million dollars, down 42% from 69 million dollars in October 2011, a trend in line with regional exchanges.

The value traded in November 2010 was 97 million dollars. Individual investors accounted for 5.8% of the traded value of all shares traded on NASDAQ Dubai in the first 11 months of 2011. Total equities traded value in that period by individual and institutional investors was 646 million dollars.

NASDAQ Dubai started routing all its equities trades through the trading platform of Dubai Financial Market (DFM) in July 2010, in order to facilitate access by individual investors. Individual investors accounted for 2.7% of equities traded value in the fourth quarter of 2010.

 Jeff Singer, Chief Executive of NASDAQ Dubai, said: “In a challenging period for the UAE’s capital markets, in which trading values across its stock exchanges have declined, NASDAQ Dubai continues to strengthen its infrastructure and prepare for new product listings. Institutional liquidity combined with an active retail base will put NASDAQ Dubai in a strong position to attract further initial public offerings as market confidence recovers.”

NASDAQ Dubai is recruiting

Business Development Manager to expand revenues and product portfolios. The role includes a focus on the sales activity of the non-cash (equity) business across volume growth and membership sales.  This will require strategic thinking and a holistic approach to the development of the exchange with a sound understanding of the MENA market. The successful candidate will report to the Head of Business Development and have at least three years MENA capital markets experience, with a dynamic and creative approach to business expansion.

Senior Manager, Market Regulation to manage the admission of securities for trading in accordance with relevant laws and regulations and ensure ongoing compliance with the exchange’s rules. Reporting to the General Counsel/Acting Head of Market Regulation, the successful candidate will liaise closely with Dubai Financial Services Authority as well as issuers and their advisers and will be responsible for developing and updating the exchange’s rules, policies and procedures.  At least five years working in a senior regulatory capacity in regional or international capital markets is required together with strong decision-making skills.

Applicants should contact Aneka Sharma, Human Capital Manager, at

FTSE NASDAQ Dubai UAE 20 share index falls 4% in November

The FTSE NASDAQ Dubai UAE 20 index ended November 2011 at 1,438, down 4% from the end of October and down 20% from the end of 2010. 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 >

Market share, by value of all traded securities – November 2011
Member Market Share %
Al Futtaim HC 36.9  
Arqaam Securities 20.3  
Deutsche Bank 17.8  
EFG Hermes Brokerage UAE 11.7  
DBFS (Mubasher) 6.5  
Al Ramz 4.1  
Emirates NBD Securities 0.9  
Mashreq Securities 0.8  
Shuaa Securities 0.8  
Al Dhabi Brokerage 0.1