mast-head

DFM empowers public and private companies to further embrace Investor Relations and Corporate Governance

empower-press

Dubai Financial Market (DFM) organized its second interactive workshop titled, “Achieving Good Investor Relations and Corporate Governance” on Tuesday, May 8th 2012 at The Address Hotel, Downtown Dubai. This initiative is the latest in DFM’s continuous efforts to further promote the adoption of international best practices amongst its listed companies as well as potential issuers and encourages greater interaction between these companies and the investment community.

The event was organized in association with the Middle East Investor Relations Society (ME-IR Society), and brought together senior delegates from listed companies, private and family businesses, advisors and analysts to discuss the latest techniques and effective strategies in Investor Relations and Corporate Governance. Over 140 delegates representing 80 companies attended the workshop.

DFM and NASDAQ Dubai host market opening for CFA Institute’s 50th anniversary

The CFA Institute, a leading international financial training body, celebrated its 50th anniversary by opening the DFM and NASDAQ Dubai market in a ceremony broadcast live on CNBC Arabia on May 29th 2012. Yacoub Nuseibeh, President of CFA Emirates, the association in the UAE, led a countdown to the start of the trading session of the exchanges at DFM with Essa Kazim, the managing director and chief executive of DFM, and Jeff Singer, the chief executive of NASDAQ Dubai.

Mr. Nuseibeh highlighted the UAE’s efforts in moving alongside with the world’s major financial centers in helping to celebrate the 50th anniversary of the CFA Program, as the event was part of a series of exchange opening ceremonies held in 22 cities around the world. Mr. Kazim underlined the importance of the CFA Institute in driving the best standards for professional excellence in the financial sector and Mr. Singer emphasized the educational aspect of the program, which is playing an ever increasing role in the expansion and growing maturity of the UAE’s capital markets and applauded CFA’s activities in successfully raising the technical knowledge of market participants.

Watch the live Broadcast
View more images  

DFM welcomes the listing of two Government of Dubai Sukuk with total value of US$ 1.250 billion

Dubai Financial Market (DFM) announced the listing of two Sukuk issues for the Government of Dubai with a total value of US$ 1.250 billion on Wednesday, May 2nd 2012. The first of these issues is a US$ 600 million five year Sukuk with a maturity date of May 2nd 2017, and a coupon of 4.90%, while the second is a US$ 650 million 10 year Sukuk with a maturity date of May 2nd 2022, and a coupon of 6.45%. While the two Islamic Sukuk will be listed on the DFM, they will be OTC traded and settled through Clearstream and Euroclear, not DFM.

DFM will chair the Middle East Investor Relations Society Board of nominated representatives

The Middle East Investor Relations Society (ME-IR Society) announced the launch of its Dubai Chapter, marking the fourth Chapter launch of the Society this year. The informal supervisory Board of the new Chapter will aim to improve the quality of investor relations practices and related educational resources in Dubai. DFM will chair the Board of nominated representatives. The Chapter will focus on promoting investor relations as a distinct and essential part of the corporate landscape, and will seek to enhance the reputation, efficiency and attractiveness of both private and public firms in Dubai. The ME-IR Society Dubai Chapter Board will consist of listed companies from Dubai Financial Market and NASDAQ Dubai including Arabtec, Depa, Dubai Islamic Bank, DP World, Du, Emaar, Emirates NBD, SHUAA Capital and DFM (PJSC), in addition to Thomson Reuters and Bank of New York Mellon who will represent the ME-IR Society founding members.

DFM performance during May 2012

The Dubai Financial Market General Index decreased by 9.8% to 1471.5 points at the end of May compared to 1631 points at the end of April. At the sectoral level, eight out of the nine indices represented on DFM ended the month in the red, with the Financial Services and Investment sector decreasing the most by 18.1%, followed by the Real Estate and Industrial sectors by 11.5%, and 9.4% respectively. The Consumer Staples sector did not witness any changes during this month.

The market capitalization dropped at the end of this month by 6.6% which amounted to AED 179.8 billion compared to AED 192.4 billion the previous month. The value of shares traded during this month reached AED 3.2 billion, compared to AED 6.7 billion recorded during April, a decrease of 51.9%. The number of shares traded decreased by 47.3% to reach 2.5 billion shares during this month compared to 4.7 billion shares were traded during April. The number of transactions executed during May fell by 39.6% to reach 48.7 thousands compared to 80.6 thousand deals carried out during the previous month.

As for the sectors’ contribution to trading volumes, the Real Estate and Construction sector ranked first in terms of the value of traded shares, to reach AED 1.7 billion, 51% of the total value of shares traded in the market. The Banking sector ranked second at AED 525.6 million (16.2%), followed by the Services sector with AED 359.7 million (11.1%), the Financial Services and Investment sector with AED 225.9 million (7%), the Telecommunications sector with AED 170.9 million (5.3%), the Transportation sector with AED 159.6 million (4.9%), and the Insurance sector with AED 146.3 million (4.5%).

The value of stocks bought by institutional investors during this month reached AED 752.9 million comprising 23.2% of the total value of shares traded. The value of shares sold by institutional investors during the same period reached AED 601.6 million which constitutes 18.6% of the total value traded. The DFM net institutional investment in-flow amounted to AED 151.4 million.


NASDAQ Dubai performance during May 2012

The value of equities traded on NASDAQ Dubai in May 2012 reached 38.3 million dollars. This was an increase of 4% from 36.9 million dollars in April 2012 and a fall of 39% from 63.2 million dollars in May 2011.

 The FTSE NASDAQ Dubai UAE 20 index ended May 2012 at 1,560, down 8% from 1,694 at the end of April and up 14% from the end of December 2011.

The index tracks 20 liquid stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors.


Indices

The Dubai Financial Market General Index decreased by 9.8% to 1471.5 points at the end of May compared to 1631 points at the end of April.

The FTSE NASDAQ Dubai UAE 20 index ended May 2012 at 1,560, down 8% from 1,694 at the end of April and up 14% from the end of December 2011.

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

Brokers’ Market share - May 2012

Members Market Share by Value (%)
EFG-Hermes Brokerage 7.09
Abu Dhabi Financial Services 6.68
Emirates NBD Securities 5.77
Abu Dhabi Islamic Securities 5.51
Al Ramz Securities 5.4
Direct Broker for Financial Services 4.4
Mashreq Securities 4.33
Arqaam Securities 4.2
Al Dar Shares & Bonds 3.99
Daman Securities Center 3.72
Members Market Share by Value (%)
Deutsche Bank 42.02
Arqaam Securities  26.11
EFG-Hermes Brokerage 18.26
Direct Brokers for Financial Services 4.67
Al Dhabi Brokerage 2.16
Emirates NBD Securities 1.97
Al Ramz Securities 1.97
Mashreq Securities 1.93
SHUAA Securities 0.7
Naeem Shares & Bonds 0.12