Tuesday 03, January 2017 by Sarah Spendiff

Nasdaq Dubai's 2016 Market Summary

Despite challenging market conditions Nasdaq Dubai reports having had a very successful year

Nasdaq Dubai’s 2016 Market Summary saw good growth in the Sukuk market where they claim global leadership. Also 2016 saw their 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 and Mubasher Financial Services with National Bank of Abu Dhabi due to join as a market maker.

In terms of equities and Sukuk, the exchange attracted 19 debt listings from both regional and international issuers valued at $12.75 billion, maintaining their position as the leading Sukuk exchange in the world. They say the exchange will continue to focus on this theme, building a strong presence and connectivity internationally. The FTSE Nasdaq Dubai UAE 20 index ended with a +7.5 per cent increase compared to 2015.

The exchange introduced Single Stock Futures in September 2016 in collaboration with key brokers, on the shares of nine 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. The exchange 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. The Nasdaq Dubai IdealRatings Global Sukuk Index measures the performance of the global investable Sukuk universe issued in multiple currencies.

The index provides accurate benchmarks against which regional and international fixed income investors can assess their portfolio performance. In addition to the primary Global Sukuk Index, a group of US dollar sub-indices have been launched to provide alternate benchmarks for various investment strategies and market segments.

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.

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