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Individual investors’ share of trading reaches 7.3% on NASDAQ Dubai in first seven months of 2011

Global Banking And Finance 1 News

Individual investors accounted for 7.3% of traded value of NASDAQ Dubai equities in the first seven months of 2011. Total traded value in the period by individual and institutional investors was 438 million dollars.

 NASDAQ Dubai started routing all its equities trades through the trading platform of Dubai Financial Market 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.  

In July 2011 individual investors accounted for 3% of total equities trading, compared to 3.3% in June 2011. Total equities traded value in July 2011 was 26.7 million dollars, down 64% from 74.1 million dollars in June 2011 and down 49% from 52.2 million dollars in July 2010.

 Jeff Singer, Chief Executive of NASDAQ Dubai, said: “With the region’s capital markets currently experiencing challenging conditions, we look forward to  further liquidity entering the market as confidence increases. NASDAQ Dubai is in discussions with a number of companies that are interested in carrying out an IPO when conditions are right.”

The FTSE NASDAQ Dubai UAE 20 index ended July at 1,615, down 1.6% from the end of June and down 10.3% 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.
 

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