Nasdaq Dubai and its brokers celebrate National Day by ringing market-opening bell at MarketSite

2 Min | 16 December 2018

Nasdaq Dubai and leading brokerages that trade on its market rang the market-opening bell today to celebrate UAE National Day and the country's successful development of its capital markets.

Dubai, November 28, 2018 – Nasdaq Dubai and leading brokerages that trade on its market rang the market-opening bell today to celebrate UAE National Day and the country’s successful development of its capital markets.

Executives from 13 UAE brokerages that trade equities and equity derivatives on exchange took part in the ceremony at the MarketSite event space.

His Excellency Essa Kazim, Governor of the Dubai International Financial Centre (DIFC) and Chairman of Dubai Financial Market, said: “The enthusiasm shown here today by leading brokerages in the UAE as we celebrate National Day reflects the appreciation of the capital markets community for the positive environment created by the country’s leadership for the sector to thrive. Together we look forward to further increasing the opportunities for issuers and investors to prosper and achieve their goals.”

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “It give us great pleasure to gather here with our partners, as the market, celebrating 47 years of achievements. The capital market plays a key and complementary role in realising the UAE’s vision set by our leaders. The UAE market has a number of unprecedented achievements at both regional and international levels, including being home to the only regional central counterparty recognised by the European Securities and Markets Authority (ESMA), and hosting the world’s largest listed Sukuk market.”

Moosa Ahmed, General Manager, Emirates NBD Securities said: “Over the years, the authorities have created, nurtured and strengthened a first class capital markets framework for the UAE. We are committed to helping further expand the markets in the national interest and for the benefit of issuers and investors in the region and around the world.”

Participants in the ceremony included senior executives of Emirates NBD Securities, ADCB Securities, Al Ramz Capital, Al Safwa Mubasher, Arqaam Capital, Brokerage House Securities, Daman Securities, Deutsche Securities and Services, FAB Securities, Integrated Securities, Menacorp, SHUAA Capital and SICO Financial Brokerage.

About Nasdaq Dubai
Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).

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