NASDAQ Dubai Monthly
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NASDAQ Dubai Monthly | November 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.

SUMMARY


  • Equities traded value rises 130% in October
  • Trading of Dubai Gold Securities reaches 230 securities in October
Equities traded value rises 130% from previous month

The value of shares traded on NASDAQ Dubai in October 2011 reached 69 million dollars, up 130% from 30 million dollars in September 2011. The value traded in October 2010 was 155 million dollars.

Individual investors accounted for 6% of the traded value of all shares traded on NASDAQ Dubai in the first 10 months of 2011. Total equities traded value in that period by individual and institutional investors was 610 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: “We look forward to building further liquidity as confidence in the region’s capital markets increases. Institutional liquidity combined with an active retail base puts NASDAQ Dubai in a strong position to attract further initial public offerings.”

Trading of Dubai Gold Securities reaches 230 securities

Trading of Dubai Gold Securities (DGS) on NASDAQ Dubai reached 230 securities in October 2011. The total value of DGS traded in the first 10 months of 2011 reached 1.61 million dollars, up 40% from 1.15 million dollars in the same period last year.

DGS closely track the spot price of gold and are structured products that can be traded on NASDAQ Dubai through a broker, just like equities. DGS are backed by gold in a bank vault and can be held without the inconvenience of holding physical gold.

NASDAQ Dubai outsourced the trading of DGS to the trading platform of DFM in October 2011 in order to facilitate access by DFM’s retail investors.

Craig Hewett, Head of Business Development at NASDAQ Dubai, will discuss investment opportunities in gold as a panelist at the Commodities Week Middle East conference at the Shangri-La hotel, Dubai, on December 6, 2011.

Click here for more details about DGS

NASDAQ Dubai is recruiting

Vacancies include:

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 aneka.sharma@nasdaqdubai.com

FTSE NASDAQ Dubai UAE 20 share index rises 2% in October

The FTSE NASDAQ Dubai UAE 20 index ended October 2011 at 1,494, up 2% from the end of September 2011 and down 17% 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 equities traded – October 2011
10 most active Members Market Share %
Al Futtaim HC 61.4
Arqaam Securities 14.8
Deutsche Bank 8.3
Mashreq Securities   7.8
EFG Hermes Brokerage UAE   2.6
Emirates NBD Securities   2.0
DBFS (Mubasher)   1.4
Shuaa Securities   1.0
Al Ramz   0.5
Citigroup 0.2