NASDAQ Dubai Monthly | July 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.


  • Retail equity trading rises again
  • Craig Hewett joins as Head of Business Development
Retail investors increase their trading on NASDAQ Dubai  

Retail investors on NASDAQ Dubai increased their share of equities traded value on the exchange to 9.4% in the second quarter of 2011. This was a rise from 7.4% in the first quarter of 2011, and from 2.7% in the last quarter of 2010.

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.”

The value of equities trades by individuals rose to 19.8 million dollars in the second quarter of 2011, a rise of 34% over the first quarter of 2011 and 104% over the fourth quarter of 2010.

Total equities traded value in June 2011, by institutions and individuals, reached 74 million dollars, up 17% from 63 million dollars in May 2011 and up 21% from 61 million dollars in June 2010.

DP World

DP World undertook an additional listing on the London Stock Exchange (LSE) on 1 June, 2011. DP World retains a primary listing of its shares on NASDAQ Dubai, where it has consistently been one of the most heavily traded stocks in the UAE.

In June, 73% of trading in DP World shares by value took place on NASDAQ Dubai, while 27% took place on LSE. After the listing on LSE, the share price ended June at $12.28, down from $13.45 at the end of May on NASDAQ Dubai.

Craig Hewett joins exchange as Head of Business Development

Craig Hewett, an international exchange product development and sales professional, has joined NASDAQ Dubai as Senior Vice President - Head of Business Development. Craig brings extensive expertise in multi-asset trading including a focus on derivative products. As well as spearheading the exchange’s product innovation and drive for new listings, he will promote its services across all asset classes.

He has joined from the Bahrain Financial Exchange where he was Chief Business Officer from 2008, leading the exchange’s commercial team and focusing on Islamic as well conventional products. Earlier he worked for the London Metal Exchange (LME) for nine years. There he successfully launched new futures contracts as Deputy Commercial Director and developed strategies to extend the LME’s activities to new markets, including OTC Clearing. As Head of Business Development, he developed the LME’s market data business.         

NASDAQ Dubai is recruiting

The exchange is looking for a Head of Market Regulation to oversee the admission of securities, compliance issues and market surveillance. Reporting to the chief executive, the successful candidate will be a key member of the management team at a time of innovation and growth. Extensive knowledge of exchange regulation and oversight is required. The role includes being the primary point of contact with Dubai Financial Services Authority and managing key staff.

Applicants should contact Aneka Sharma, Human Capital Manager, at

Register for real time data

To see real time NASDAQ Dubai price data, please sign up here. This free service provides an enhancement over the data displayed on the exchange website, which is 15-minutes delayed. Registration also gives access to enhanced DFM Real Time Data & eServices, ahead of an anticipated delay of DFM real time market data for non-registered users at a later stage.

FTSE NASDAQ Dubai UAE 20 share index falls 5% in June

The FTSE NASDAQ Dubai UAE 20 index ended June at 1,641, down 5% from the end of May and down 9% 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 >

Members Market Share

Arqaam Securities was the most active Member of the exchange by traded value both in the month of June 2011 and in H1 2011. Second most active in both periods was Deutsche Bank. Shuaa Securities was the third most active in June 2011, while Al Futtaim HC Securities was third most active in H1 2011.  

Market share, by value of all traded securities – June 2011
Member Market Share %
Arqaam Securities 35.0  
Deutsche Bank 34.4  
Shuaa Securities 10.9  
EFG Hermes Brokerage UAE 5.9  
Emirates NBD Securities 4.3  
Al Futtaim HC 4.2  
DBFS (Mubasher) 1.3  
Al Dhabi 1.0  
Citigroup 1.0  
Al Ramz 0.8  

Market share by value of all traded instruments – H1 2011

Member Market Share %
Arqaam Securities 23.4  
Deutsche Bank 18.5  
Al Futtaim HC 17.4  
Shuaa Securities 16.0  
EFG Hermes Brokerage UAE 12.0  
Emirates NBD Securities 5.0  
DBFS (Mubasher) 2.3  
Mashreq Securities 1.1  
Al Ramz 1.1  
Citigroup Global Markets 0.9