Individual investors on Nasdaq Dubai more than doubled their share of equities traded value on the exchange to 7.4 per cent in the first quarter of 2011, up from 2.7 per cent in the fourth quarter of 2010, the exchange said in a statement today.
The strong increase came after Nasdaq Dubai started routing all its equities trades through the trading platform of Dubai Financial Market (DFM) in July 2010, in order to improve access by individual investors.
The value of trades by individuals rose to $14.8 million in the first quarter of 2011, up 52 per cent from the fourth quarter of 2010. Total traded value – by institutions and individuals – fell 44 per cent in the same period, to reach $202 million in the first quarter of 2011.
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