By: Amr Fouad
Dubai – Mubasher: Nasdaq Dubai has achieved a lot during the last few years, turning into a big market that has attracted a wide range of investors, CEO Hamed Ahmed Ali told Mubasher.
Nasdaq Dubai’s management is working on developing fresh financial instruments in an effort to lure more national and foreign investors, Ali added.
Nasdaq Dubai is not an isolated market, it collaborates with both the Dubai and Abu Dhabi markets and integrates them, the CEO revealed
As for the trading volume, Ali referred to the growth in Nasdaq Dubai’s trading volume, as derivatives’ trading volume hit $2 million per day.
The market will see further listings in the first six months of 2018, especially in the derivatives sector, Ali continued.
The futures market grew to 17 companies from only 7 within approximately a year, Ali remarked.
Nasdaq Dubai acquired 90% of the world’s sukuk issues in the last four quarters, Ali unveiled, adding that the Islamic bonds market is in an anticipation period, given the global market’s instability.
The Dubai-based market plans to expand outside the UAE in a bid to attract exchange-traded funds from the GCC, the US, and Asia, the top official concluded.
Translated by: Muhammad Khalid
