Dubai – Mubasher: Nasdaq Dubai saw a rise in the number of equity futures contracts by 66% month-on-month in April 2017, according to a statement.
The market saw trading of 305,065 contracts in April, compared to 183,997 in March.
More than 1.5 million equity futures contracts have traded since the opening of the market in September 2016.
Menacorp was the winning brokerage in the Nasdaq Dubai Equity Derivatives Challenge 2017, based on profit made in trading futures on twelve UAE-listed companies, followed by NBAD Securities and Union Brokerage in the second and third spots.
Hesham Mohamed Khairy of Menacorp was the most successful individual broker, followed by Mohammed Abu Shaireh of Al Safwa Mubasher.
A total of 144 individuals from twelve UAE brokerages took part in the two-week challenge.
