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The value of shares traded on NASDAQ Dubai in October 2011 reached 69 million dollars, up 130% from 30 million dollars in September 2011.
The value traded in October 2010 was 155 million dollars. Individual investors accounted for 6% of the traded value of all shares traded on NASDAQ Dubai in the first 10 months of 2011. Total equities traded value in that period by individual and institutional investors was 610 million dollars.
NASDAQ Dubai started routing all its equities trades through the trading platform of Dubai Financial Market (DFM) in July 2010, in order to facilitate access by individual investors. Individual investors accounted for 2.7% of equities traded value in the fourth quarter of 2010.
Jeff Singer, Chief Executive of NASDAQ Dubai, said: “We look forward to building further liquidity as confidence in the region’s capital markets increases. Institutional liquidity combined with an active retail base puts NASDAQ Dubai in a strong position to attract further initial public offerings.”
The FTSE NASDAQ Dubai UAE 20 index ended October 2011 at 1,494, up 2% from the end of September 2011 and down 17% from the end of 2010. The index tracks 20 liquid stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors.
Trading of Dubai Gold Securities (DGS) on NASDAQ Dubai reached 230 securities in October 2011. The total value of DGS traded in the first 10 months of 2011 reached 1.6 million dollars.
DGS closely track the spot price of gold and are structured products that can be traded on NASDAQ Dubai through a broker, just like equities. DGS are backed by gold in a bank vault and can be held without the inconvenience of holding physical gold.
NASDAQ Dubai outsourced the trading of DGS to the trading platform of DFM in October 2011.
