NASDAQ Dubai Monthly Trading Report: January 2010
Equities trading rises 17 per cent in January
Equities trading volumes on NASDAQ Dubai rose by 17% in January 2010 to 200 million, compared to 171 million in January 2009.
Deutsche Bank was the most active Member of the exchange by equities volume in January 2010, followed by Citibank and then EFG Hermes.
Trading of Dubai Gold Securities (DGS) rose to 3,235 securities in January 2010, an increase of more than 400% over the December 2009 figure of 641. A total of 84,757 DGS have traded since they listed on the exchange in March 2009.
Each DGS security is valued at approximately 1/10th of the spot price of gold. DGS are an initiative of the Dubai Multi Commodities Centre and the World Gold Council and have been declared Shariah-compliant.
A total of 6,290 equity derivatives traded in January 2010, compared to 90 in January 2009 and 14,100 in December 2009.
NASDAQ Dubai launched its equity derivatives market in November 2008. Equity futures are listed on 21 individual UAE companies and on the FTSE Nasdaq Dubai UAE 20 share index, which was designed as a hedging and investment mechanism for GCC and international investors. The index fell 9.5% in January to 1,700.