Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / Company News
Company News
   

Nasdaq Dubai To Create Futures On Emaar Development
(20 November 2017)

 

Nasdaq Dubai will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market, DFM, following its initial public offering, IPO. The listing is expected to take place on 22nd November 2017.

Investors will be able to trade futures on Emaar Development in order to take a position on the likely movement of the share price, making use of leverage to magnify the financial outcome of their futures trades by several times their initial investment. SHUAA Capital will make a market in Emaar Development futures to facilitate liquidity.

The sale of shares in Emaar Development, a leading developer of residential and commercial property in the UAE, is valued at AED4.82 billion making the IPO the largest in the country since 2014. The company will join 13 other UAE-listed businesses already on Nasdaq Dubai’s equity futures market, which offers one-month, two-month and three-month single stock futures and has expanded rapidly since it opened in September 2016.

Shuaa Capital has been market making on all Nasdaq Dubai futures since the market opened. More than 2.9 million contracts have traded on the futures market since inception, with Emaar Properties the most highly traded by value followed by Union Properties and DXB Entertainments. Traded value in all the futures rose strongly in October 2017 to reach 265,000 contracts, up 135 percent from September.

Last month Nasdaq Dubai announced agreements with MSCI, Dubai Financial Market, DFM, and Abu Dhabi Securities Market, ADX, under which the exchange will create futures on their equity indices. Launch dates will be announced soon. The index derivatives will be a first in the region and will attract further international and regional participation in Dubai’s capital markets.

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
1356
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance