2010-03-14 11:57:26
WAM Dubai, March 14th, 2010 (WAM) -- Equities trading volumes on NASDAQ Dubai rose by 61% in February 2010 to 322 million, compared to 200 million in January 2010. Volumes in February 2009 were 566 million.

Citi was the most active Member of the exchange by equities volume in February 2010, followed by HSBC and then Deutsche Bank.

EFG Hermes was the most active regional Member during the month, followed by Arqaam Capital and SHUAA Capital International.

A total of 8,120 equity derivatives traded on NASDAQ Dubai in February 2010, up 29% from 6,290 traded in January 2010. In February 2009, a total of 386 traded.

NASDAQ Dubai launched its equity derivatives market in November 2008. Equity futures are listed on 21 individual UAE companies and on the FTSE Nasdaq Dubai UAE 20 share index, which was designed as a hedging and investment mechanism for GCC and international investors.

The FTSE Nasdaq Dubai UAE 20 index fell 7.7% in February 2010 to end the month at 1,589.

WAM/AM