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Sunday, 4 September 2016

Equity futures began trading on Nasdaq Dubai; includes Aldar, Emaar Properties, and Etisalat

Equity futures began trading on Nasdaq Dubai on Thursday, according to a statement from the exchange. Shuaa Capital is providing market making services, while EFG Hermes, Arqaam Capital, Al Ramz Capital, Mena Corp and Mubasher Financial Services are acting as brokers. Futures on offer provide exposure to Aldar, Arabtec, DP World, Dubai Islamic Bank, Dubai Parks and Resorts, and Emaar Properties. A total of 1,630 contracts for 163.6k shares exchanged hands on the first day. While it marked a “slow and steady start,” as noted by Nasdaq Dubai’s Chief Executive Hamed Ali, a Nasdaq Dubai spokesperson added: “Activity on the market looks set to increase steadily over coming months… more market participants will come on and the range of futures offered will expand in stages.”

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