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NASDAQ Dubai Monthly | October 2010 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 31% 
  • Four new Members join NASDAQ Dubai 
  • UAE broker Al Futtaim HC is most active Member for third month in a row


 

Equities traded value rises 31% in first nine months of 2010

The value of equities traded on NASDAQ Dubai increased by 31% in the first nine months of 2010 from the same period in 2009, rising from 722 million dollars to 948 million.

 Volume fell by 13% from 2.32 billion shares to 2.02 billion. For both value and volume, this was the strongest performance by any UAE stock exchange over the nine-month period, measured by percentage change.

NASDAQ Dubai outsourced its trading, settlement, clearing and custody functions for equities to Dubai Financial Market on July 11, 2010, as part of a strategy to increase trading of its equities by individual investors and bring them together in one liquidity pool with institutional investors.

Equities traded value on NASDAQ Dubai reached 90 million dollars in September 2010, down 33% from September 2009. Volume for the month reached 168 million, down 36%.
NASDAQ Dubai welcomes four new Members

Four more brokers have started trading on NASDAQ Dubai  since it outsourced its operations to DFM in July:

Arqaam Securities
Trading & Individual Clearing Member

EFG-Hermes Brokerage UAE
Trading & Individual Clearing Member

SHUAA Securities
Trading & Individual Clearing Member

Deutsche Securities & Services
General Clearing Member and Custodian

This raises the number of NASDAQ Dubai Members to  31.

 
FTSE NASDAQ Dubai UAE 20 share index rises 14% in September

The FTSE NASDAQ Dubai UAE 20 index ended September 2010 at 1,768, up 14% from the end of August as UAE share prices rose strongly. However the index was still 4.5% lower than at the end of 2009. The index comprises DP World as well as 10 stocks on the DFM and 9 on the ADX. Its stocks are chosen for large market capitalisation and investability and are free float weighted. Futures contracts listed on the index by NASDAQ Dubai have been designed as a hedging and investment mechanism for GCC and international investors.

Read more about the constituents of the index here >

 
Members Market Share

UAE brokers have increased their share of trading on NASDAQ Dubai since the outsourcing to DFM in July 2010. In September, Al Futtaim HC was the most active Member of the exchange by traded value for the third successive month. Deutsche Bank was second, followed by EFG Hermes.

Market share, by value of all traded instruments – August 2010
Member Market Share %
Al Futtaim HC 38.9  
Deutsche Bank 12.5  
EFG Hermes Brokerage UAE  10.7  
Arqaam Securities   9.4  
SHUAA Securities   9.1  
Emirates NBD Securities  7.1  
SHUAA Capital    5.1  
Citigroup 2.5  
Mubasher   2.2  
Mashreq Securities  1.2  
Al Ramz 0.7  
MAC Capital  0.3  
Union Brokerage Company    0.3  
Wood 0.1  
JP Morgan  0.1  
 
NASDAQ Dubai Academy

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Details of upcoming courses will be provided in the next newsletter.

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