Nasdaq Dubai Launching Futures In ADNOC Distribution And Emaar Malls #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

Restaurants

Education


 





Home / News / Company News
Company News
   

Nasdaq Dubai Launching Futures In ADNOC Distribution And Emaar Malls
(12 December 2017)

 

Nasdaq Dubai tomorrow will launch futures on Abu Dhabi National Oil Company for Distribution, ADNOC Distribution, and Emaar Malls, to enable investors to take positions on movements in the share price of the two companies in coming months.

ADNOC Distribution is scheduled to list tomorrow on Abu Dhabi Securities Exchange, ADX, following an Initial Public Offering, IPO, that raised AED3.1 billion. Emaar Malls listed on Dubai Financial Market, DFM, in October, 2014 after raising AED5.8 billion in its IPO.

The addition of the two companies is the latest expansion of Nasdaq Dubai’s derivatives market, which will comprise single stock futures on 16 leading UAE-listed companies after opening with seven in September, 2016. The derivatives market is attracting significant activity from investors, who make use of leverage to magnify the financial outcome of their trades.

SHUAA Capital will provide market-making services on ADNOC Distribution and Emaar Malls to facilitate liquidity, as it does on all Nasdaq Dubai single stock futures.

Hamed Ali, Chief Executive of Nasdaq Dubai, said, "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, including making gains whether the value of the underlying share is falling or rising. 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."


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
1675
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

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