Individual investors on Nasdaq Dubai increased their share of equities traded value on the exchange to 9.4 per cent in the second quarter of 2011. This was a rise from 7.4 per cent in the first quarter of 2011, and from 2.7 per cent in the last quarter of 2010.
The continuing expansion came after Nasdaq Dubai started routing all its equities trades through the trading platform of Dubai Financial Market (DFM) in July 2010, in order to improve access by individual investors.
Jeff Singer, Chief Executive of Nasdaq Dubai, said: “We are delighted that the outsourcing to DFM’s systems has succeeded in attracting growing interest from individual investors in Nasdaq Dubai equities. We look forward to building further liquidity as confidence in the region’s capital markets increases. An active retail base combined with institutional liquidity puts Nasdaq Dubai in a strong position to attract further initial public offerings.”
The value of equities trades by individuals rose to $19.8 million in the second quarter of 2011, a rise of 34 per cent over the first quarter of 2011 and 104 per cent over the fourth quarter of 2010.
Total equities traded value - by institutions and individuals - reached $209 million in the second quarter of 2011, an increase of 4 per cent over the $202 million recorded in the first quarter of 2011.
From / Gulf Today