NASDAQ Dubai trading value rises 100% this year

18/05/2010 - Dubai Investment News
NASDAQ Dubai trading value rises 100% this year

Posted by Bob Brunskill

Equities trading value on NASDAQ Dubai rose by 100 per cent in the first four months of 2010 to $574 million, new figures from the exchange show.

That was compared to the $286 million recorded in the same period of 2009, with equities value traded in the month of April 2010 alone rising by 83 per cent to $94 million - up from $51 million in April 2009.

In terms of percentage change, NASDAQ Dubai's equity value and volume figures were the best performing of any UAE stock exchange in the first four months of the year and in the month of April 2010, compared to the same periods in 2009.

Citigroup was the most active member of the exchange by equities volume in the first four months of the year, followed by Deutsche Bank and then HSBC.

In other news, it was reported last week that the first trade licence for business operations on the Dubai World islands project has been granted to Kleindienst Group for its Heart of Europe project.
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