Equities trading value on NASDAQ Dubai rose by 100% in the first four months of 2010 to 574 million dollars, compared to 286 million dollars in the same period of 2009. Equities volumes rose by 2%, to 1 .26 billion shares from 1.23 billion.
Equities value traded in the month of April 2010 rose by 83%, reaching 94 million dollars, compared to 51 million dollars in April 2009. Equities volumes in April 2010 were 168 million, 15% lower than the 198 million in April 2009.
Measured by percentage change, NASDAQ Dubai’s equity value and volume figures were the best performing of any UAE stock exchange in the first four months of 2010 and in the month of April 2010, compared to the same periods in 2009.
Citigroup was the most active Member of the exchange by equities volume in the first four months of 2010, followed by Deutsche Bank and then HSBC. EFG Hermes was the most active regional Member during the period, followed by Shuaa Capital and then Arqaam Capital.
Equity derivatives contracts traded on NASDAQ Dubai rose 29% in the first four months of 2010 to 19,210, up 29% from 14,867 traded in the first four months of 2009.
In April 2010 equity derivatives trading reached 2,100 contracts, down 72% from 7,575 contracts in April 2009.
NASDAQ Dubai launched its equity derivatives market in November 2008. Equity futures are listed on 21 individual UAE companies and on the FTSE Nasdaq Dubai UAE 20 share index, which was designed as a hedging and investment mechanism for GCC and international investors.
The FTSE Nasdaq Dubai UAE 20 index fell in April 2010 to end the month at 1,900, 3.5% lower than at the end of March 2010 but 2.5% higher than at the start of the year.