Dubai – Mubasher: Nasdaq Dubai on Tuesday announced that it would launch futures on Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) and Emaar Malls on 13 December.
After the launch of ADNOC Distribution and Emaar Malls futures, Nasdaq Dubai’s single stock futures will include 16 UAE-listed companies, according to a bourse statement.
Moreover, SHUAA Capital is to provide ADNOC Distribution and Emaar Malls with market-making services, in order to facilitate liquidity, Nasdaq Dubai revealed.
“With businesses in different industry sectors and listings on different exchanges, ADNOC Distribution and Emaar Malls further diversify the opportunities for investors to hedge or take a position on our equity futures market, said Nasdaq Dubai’s CEO Hamed Ali.
“We will maintain the expansion of our derivatives platform by adding further products based on UAE and other regional markets in coming months and years,” the top official added.
ADNOC Distribution’s stock is projected to be listed on the Abu Dhabi Securities Exchange (ADX) on 13 December, while Emaar Malls was listed on the Dubai Financial Market (DFM) in October 2014.
