Huge 2009 trading increase on NASDAQ Dubai

11/01/2010 - Dubai Investment News
Huge 2009 trading increase on NASDAQ Dubai

Posted by Bob Brunskill

Equities trading volumes on NASDAQ Dubai rose by an impressive 30 per cent in 2009, up to 3.10 billion shares.

There was a substantial increase in trading at the end of the year as volumes for December reached 410 million shares, the second highest monthly total of the year.

That was a 170 per cent increase on both the November 2009 and December 2008 figures, both of which stand at 152 million.

The news serves to demonstrate the investment potential of the UAE in light of rapid property and business developments.

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 the Gulf Cooperation Council and international investors.

According to NASDAQ Dubai figures, equity derivatives volumes totalled 125,000 in 2009, with 73 per cent of the volume taking place in the second half of the year as the market expanded.

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