Measured by percentage change, both the value and volume figures were the best performing of any UAE stock exchange in the six-month period, compared to the same period in 2009.
Traded equities value on Nasdaq Dubai in the month of June 2010 fell by 19 per cent, reaching $61 million compared to $75 million in June 2009. Equities volumes in June 2010 were 123 million, 35 per cent lower than the total of 189 million in June 2009.
The June 2010 figures were also the best performing of the UAE’s stock exchanges, measured by percentage change from the year before.
Citigroup was the most active member of the exchange by equities volume in the first six months of 2010, followed by Deutsche Bank and then HSBC. EFG Hermes was the most active regional member during the period, followed by Arqaam Capital and then Shuaa Capital.
The FTSE Nasdaq Dubai UAE 20 index ended June 2010 at 1,516, down eight per cent from the end of May 2010 and 18 per cent lower than at the start of the year.
The index tracks 20 stocks listed on Dubai Financial Market, the Abu Dhabi Securities Exchange and Nasdaq Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors. — email@example.com
The agreement is the first bilateral trade deal between the Gulf and South America
Around 320 of 760 flights planned for Saturday had been cancelled so far