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FINANCIAL NEWS
Nasdaq Dubai equities value rise 20% in August
09 Sep 2010
(MENAFN) A monthly report issued by Nasdaq Dubai said that the value of equities traded on the bourse registered a 20 percent rise in August from the same period last year, Khaleej Times reported.
In the first eight months of 2010, traded value of Nasdaq Dubai equities rose to $858 million from $587 million in the same period of 2009, a surge of 46 percent. But volume dropped to 1.9 billion in the same period from 2.1 billion, a decrease of 14 per cent.
According to the report, the August value reached $78.7 million, up from $65.5 million in August 2009. The proportion traded by individual investors, as opposed to institutions, also increased. Volume for the month fell by 9 percent to 158.6 million shares, from 175.2 million in the same 2009 period. It was the first full month of trading since the exchange outsourced its operations to Dubai Financial Market (DFM) on July 11, 2010.
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