Dubai Financial Market (DFM) mobile trading activity is steadily growing and gaining popularity amongst investors as a result of wide spread collaboration between DFM and its licensed brokerage firms which provides clients with simple and effective applications to trade shares through their handheld devices. Presently, 2 DFM brokerages provide Mobile trading and the number is expected to soar as DFM is currently carrying out all necessary preparations with various firms looking to introduce similar applications.
NASDAQ Dubai welcomed MSCI’s upgrade of the UAE to Emerging Market status as deserved recognition of the successful enhancements that the country has made to its capital markets infrastructure.
Hamed Ali, Acting Chief Executive of NASDAQ Dubai, said: “MSCI’s decision will attract further overseas investment to the UAE, improving the already positive climate in the country’s capital markets. As the region’s international exchange, NASDAQ Dubai will remain at the forefront of introducing continuing capital markets enhancements in the UAE for the benefit of issuers and investors, including starting new markets and attracting further equity, Sukuk and bond listings.”
Dubai Financial Market (DFM) welcomed the Morgan Stanley Capital International (MSCI) annual market classification review to upgrade the MSCI UAE Index to “Emerging Market” status.
The first ever Investor Relations (IR) Graduate Program held in Dubai as part of a joint initiative between Dubai Financial Market, NASDAQ Dubai and the Middle East Investor Relations Society yesterday came to a close during a graduation ceremony.
Dubai Financial Market (DFM) honored the “Task Force” assigned with handling the series of development plans which led to the UAE market upgrade to “Emerging Market” status by the MSCI. Essa Kazim, Managing Director & CEO of DFM applauded the efforts of the team members who have shown dedication which ultimately helped to develop the market infrastructure according to international best practices.
NASDAQ Dubai Academy will provide a two-day training course on Finance Essentials in Today's Capital Markets on September 11 and 12, 2013, delivered in association with Finance Talking. Covering the big picture of financial markets architecture, accounting, corporate finance, valuation and communications, the course is ideal for non-finance specialists such as company management teams, corporate communicators, investor relations officers and a variety of other financial markets professionals.
Emirates Identity Authority and Dubai Financial Market (DFM) signed a strategic partnership agreement that recognizes the “Smart” ID card as a main and permanent source of data relating to the beneficiaries of the electronic services provided by DFM. This agreement stems from both parties’ keenness to develop customer services and provide innovative services with a positive economic and social impact.
Drake & Scull International PJSC, a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas, launched its Investor’s outreach program in collaboration with the Dubai Financial Market (DFM). The program is dedicated to promote DSI‘s successful equity story and to highlight the company’s latest achievements, prospects and growth plans.
Dubai Financial Market (DFM) agreed on new arrangements with the Kuwait Clearing Company to promptly transfer securities between the DFM and Kuwait Stock Exchange (KSE). DFM has started to implement these arrangements enabling shareholders of Kuwaiti companies to easily transfer their shares to and from DFM.
The value of equities traded on NASDAQ Dubai in the first six months of 2013 reached 316.8 million dollars, an increase of 49% from 212.4 million dollars in the same period of 2012.
The Dubai Financial Market General Index rose 37% to close at 2222.6 points in the first half of 2013 compared to 1622.5 points in the second half of 2012. At the sectoral level, indexes of seven out of the nine sectors represented on the DFM ended the month in the green, with the Telecommunications sector increasing the most by 66.2%, followed by the Financial & Investment services sector by 58.2%, and the services sector by 47.1%. The Insurance sector was down 15.8% while the Consumer Staples index did not change during the period.
CANDI is a Dubai Financial Services Authority (DFSA) approved Regulatory Announcement Service (RAS)used by NASDAQ Dubai. It is an automated, straight-through processing system which supports an Issuer in meeting its regulatory disclosure obligations. Such disclosures include financial results and other information of interest to investors. It ensures a company’s announcements and news disclosures can be distributed immediately to leading news providers such as Thomson Reuters, Bloomberg and Dow Jones as well as UAE media, brokers and other market participants.
The manufacturing industry is set to emerge as one of the strongest support sectors for the UAE economy, if one goes by the sheer volume of operations and the exponential growth year on year. Reports indicate that Dubai alone has an industrial output that is valued at US$54.4 billion, contributing to 13 per cent of the emirate’s GDP as of 2012. The forecasts for the next five years show that the number of people working in manufacturing is expected to grow by over 50 per cent.
The favourable environment for establishing manufacturing units has worked to the UAE’s advantage, with international and even regional companies reaping benefits due to the country’s strategic location. A good example of this growing trend is the rise in light and heavy industrial tenants at Dubai Investments’ wholly-owned mixed-use development, Dubai Investments Park (DIP). These tenants, numbering 1400 in total, represent diverse industries including building materials, food and beverages, furniture, plastics, power and utilities, printing, pharmaceuticals, and textiles. In 2012 alone, DIP registered an 87 per cent jump in industrial, office space and warehouse allotments. With a progressive infrastructure in place, coupled with proximity to sea and air transit ports, DIP has become the most preferred location for companies looking to host light and heavy industries, support offices, and even labour accommodation.
Over the years, Dubai Investments has strategically focused its efforts on developing high utility products that are relevant to the region, even pioneering and leading the local manufacturing sector in many instances.
For more information on Dubai Investment, visit www.dubaiinvestments.com
The Dubai Financial Market General Index rose 37% to close at 2222.6 points in the first half of 2013 compared to 1622.5 points in the second half of 2012
FTSE NASDAQ Dubai UAE 20 index declines 4% in June
The FTSE NASDAQ Dubai UAE 20 index ended June 2013 at 2,544, up 63% from 1,557 at the end of June 2012, and up 40% from 1,820 at the end of 2012. The index tracks 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 by Value (%)|
|MENA Corp Financial Services||11.54|
|Al Ramz Securities||8.30|
|Emirates NBD Securities||6.49|
|Direct Broker for Financial Services||5.98|
|Abu Dhabi Islamic Securities||4.30|
|Daman Securities Center||3.94|
|Members||Market Share by Value (%)|
|Al Ramz Securities||4.16|
|National Bank of Abu Dhabi||2.63|
|Emirates NBD Securities||1.88|
|Direct Broker for Financial Services||1.52|
|Al Dhabi Brokerage||0.54|
The winner of NASDAQ Dubai's Retail Broker of the Month Award for June 2013 was Al Ramz Securities. The value of retail trades handled by Al Ramz Securities was 2.7 million dollars, amounting to 32.1% of the total value of retail trades handled by all Members of the exchange during the month. The Award is designed to give recognition to the Member that is the most active in trading on behalf of its retail clients on a monthly basis. Learn more.