Nasdaq Dubai 2016 Market Summary
Key achievements and highlights of 2016
2016 saw a good growth in Nasdaq Dubai’s Sukuk market where it maintain global leadership. Nasdaq Dubai are also proud to have had a successful launch of the Nasdaq Dubai Futures market in partnership with Shuaa Capital, Al Ramz, Arqaam Capital, EFG-Hermes, Integrated Securities, Mena Corp Financial Services, Mubasher Finacial Services and to be later joined by key names such as National Bank of Abu Dhabi as a market maker.
EQUITIES & SUKUK
The exchange attracted 19 debt listings from both regional and international issuers valued at USD 12.75 billion, still maintaining our position as the leading Sukuk exchange in the world. The exchange will continue to focus on this theme as we build our strong presence and connectivity internationally. FTSE Nasdaq Dubai UAE 20 index ended with a +7.5% increase compared to 2015.
The exchange introduced Single Stock Futures in September 2016 in collaboration with key brokers, on the shares of 9 of the UAE’s leading and most liquid companies. This market gives investors new opportunities such as the ability to profit when share prices are either rising or falling. We will continue to grow the market by expanding the range of derivatives products including Index Futures and Options.
In collaboration with IdealRatings, Nasdaq Dubai introduced benchmark Sukuk indices in October 2016 that track the performance of global Sukuk, in order to provide investors with new data to make informed investment decisions.
Nasdaq Dubai’s Islamic Financing Platform, developed with Emirates Islamic, continues to grow as leading Islamic Finance institutions utilise it for their retail, corporate and treasury clients.