Gulf Arab investors carefully join buying spree (2)

14:45, July 12, 2010      

Email | Print | Subscribe | Comments | Forum 

On Sunday, Dubai witnessed a historical day as the trading from the international exchange Nasdaq Dubai migrated to the platform of the DFM. Nasdaq Dubai securities remain denominated in U.S. dollars while shares listed at the DFM will be traded in dirham, the currency of the United Arab Emirates (UAE).

"We are delighted to have achieved a successful migration to DFM's trading platform. This has been a joint effort involving many of our market participants and we are grateful for their support," said Jeff Singer, chief executive of Nasdaq Dubai.

"We now look forward to higher trading volumes in due course. Already several more UAE brokers have inquired today about how to become a member of Nasdaq Dubai," he added.

Nasdaq Dubai, a subsidiary of New York's market Nasdaq OMX, was launched in September 2005 and the DFM currently celebrates its 10- year anniversary. The FTSE Nasdaq Dubai UAE 20 Index closed at 1553.200 points Sunday, up 11.830 points, or 0.77 percent, from the previous close.

Abu Dhabi's market ADX ended unchanged at 2527.10 points. Union Cement Company jumped 5.63 percent to 1.56 dirham (0.42 dollar).


【1】 【2】 【3】

(Editor:燕勐)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion