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Welcome to the first issue of NASDAQ Dubai Monthly, a newsletter for the benefit of market participants to keep them updated about developments at the exchange.


2008 Equities Roundup
NASDAQ Dubai was delighted to welcome seven new equity listings in 2008:

  Listings   Listing Date
  Depa Ltd   13/04/08
  NetSol Technologies Inc    16/06/08  
  Damas Ltd   08/07/08
  China Security and Surveillance Ltd   13/10/08
  BH Global   11/11/08
  BH Macro   11/11/08
  The NASDAQ OMX Group, Inc   20/11/08

NASDAQ Dubai demonstrated in 2008 that it can be a platform for high liquidity. In Q4 2008, DP World traded higher volumes than 91% of the stocks on the Dubai Financial Market (DFM) and 95% of the companies on the Abu Dhabi Securities Exchange (ADX). In the same period Depa traded higher volumes than 73% of DFM stocks and 78% of ADX stocks, while Damas traded higher volumes than 58% of DFM stocks and 38% of ADX stocks.

Many of NASDAQ Dubai's secondary equity listings recorded substantial trading volumes on their primary markets in 2008. NASDAQ Dubai will continue to build public awareness of its secondary listings, for the benefit of regional investors who wish to trade on NASDAQ Dubai.

NASDAQ Dubai secondary listings
Average Daily Volume (ADV) in 2008 on primary market:

  Company Name  Primary Exchange   ADV in   2008   Q4 Price range
  (USD or USD
  equivalent) :
  High - Low

    Al Baraka

  Bahrain SE

  37,972

  2.90 - 2.51

    BH Global

  LSE

  73,536

  17.7 - 9.98

    BH Macro

  LSE

  58,415

  24.96 - 16.76

    Boulder Steel

  Australian Stock Exchange (ASX)

  99,638

  0.10 - 0.03

    Citigold

  ASX

  918,313

  0.21 - 0.10

    CSST

  NYSE

  415,573

  13.44 - 4.38

    Fortune Management

  Frankfurt SE

  416,944

  0.04 - 0.01

    Gold Fields

  Johannesburg SE

  3,065,493

  9.82 - 4.86

    Hikma Pharmaceuticals

  LSE

  521,622

  7.41 - 3.79

    MAN Industries

  National Stock Exchange (India)

  124,651

  1.14 - 0.56

    NASDAQ OMX

  NASDAQ

  3,412,983

  33.44 - 15.76

    Netsol

  NASDAQ

  230,024

  1.85 - 0.61

    Sphere Investments

  ASX

  244,427

  0.87 - 0.12

    Unigold

  Toronto Stock Exchange

  71,736

  0.24 - 0.03

To see all NASDAQ Dubai listed equities click here

 
Our newsletter will feature Corporate Fact Sheets providing information about individual NASDAQ Dubai listings
This month read The NASDAQ OMX Group, Inc Fact Sheet*
 
 
Sunday Trading increases

Investors are taking increasing advantage of NASDAQ Dubai's decision to open its market on Sundays. Sunday trading began on November 23, 2008 and operates between 10am and 2pm.

Sunday trading volumes totaled 1,715,000 securities in January 2009, up from 591,000 in December 2008. NASDAQ Dubai added Sunday trading as part of its strategy to facilitate access by regional investors, who are accustomed to trading on Sundays on other GCC stock markets.


New Members

Four brokers have joined NASDAQ Dubai directly from the regulatory jurisdiction of the UAE since November 2008. The new Members are: Mashreq Securities; Union Brokerage Company; Al Ramz Securities; and Direct Broker for Financial Services (DBFS), the operator of the Mubasher Trade online trading system. These brokers help provide a healthy regional balance to the exchange's international institutional liquidity.

  List of Trading Members

  ABN AMRO Bank NV 

  Diwan Capital Ltd

  Mashreq Capital DIFC Ltd

  Al Ramz Securities LLC  

  EFG-Hermes UAE Ltd

  Mashreq Securities LLC

  Arbuthnot Securities Ltd

  Emirates NBD Capital Ltd

  Merrill Lynch International

  Arqaam Capital Ltd

  GNSCI Ltd

  Morgan Stanley & Co International plc

  Barclays Capital Securities Ltd

  Hichens, Harrison & Co plc

  SHUAA Capital International

  Citigroup Global Markets Ltd

  HSBC Bank Plc

  Susquehanna International Securities Ltd

  Credit Suisse Securities (Europe) Ltd 

  ING Bank NV

  UBS AG

  Daman Securities International Ltd

  J.P. Morgan Securities Ltd

  Union Brokerage Company

  Deutsche Bank AG 

  Jefferies International Ltd

 

  Direct Broker for Financial Services (Mubasher) LLC

  MAC Capital Ltd

 


Derivatives Market

FTSE NASDAQ Dubai 'UAE 20' index

NASDAQ Dubai's listed futures include contracts over the FTSE NASDAQ Dubai 'UAE 20' index, which comprises stocks listed on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX), as well as DP World on our own market

FTSE NASDAQ Dubai 'UAE 20' index

NASDAQ Dubai announced in January that it has teamed up with The Options Industry Council (OIC) to create an equity options education programme. This will support the equity derivatives market launched by NASDAQ Dubai in November 2008, which consists of futures initially, with options likely to be added in early 2009.

Jeff Singer, Chief Executive of NASDAQ Dubai, said: "We aim to play a key role in delivering information about the opportunities offered by equity options trading. Options traded on-exchange have the potential to become a major asset class in the region as investors seek to insure against risk." Read the press release

NASDAQ Dubai Academy will tailor content provided by the Chicago-based OIC to deliver seminars explaining options for institutional and individual investors, as well as brokers.

Speaking at the FOW Derivatives World Middle East 2009 conference in Dubai in January, Peter FitzGerald, Chief Operating Officer of NASDAQ Dubai, explained the advantages of trading derivatives on-exchange compared to over-the-counter trading. Dean Noble, Head of Market Operations, discussed the development of NASDAQ Dubai's derivatives market on a panel at the conference, attended by derivatives industry professionals from around the world.


NASDAQ Dubai Academy
NASDAQ Dubai Academy provides training courses for a range of market participants, including issuers, members, investors and the general public.

Trading Managers Course & Examination - February 20, 2009
For traders and trading managers who will be involved in trading NASDAQ Dubai products. The course will be followed by an examination on March 5.
Sign up for this course

An introduction to NASDAQ Dubai and its products - February 26, 2009
This free overview of NASDAQ Dubai is open to all investors and market professionals. It covers the products that we offer and how to trade them.
Sign up for this course


See www.nasdaqdubai.com for more information about our market or call 04-3612222
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*The information in this Fact Sheet was supplied by The NASDAQ OMX Group, Inc. NASDAQ Dubai Ltd. is not responsible for its contents.